Los Angeles | January 28, 2019 and Banknotes Lady a of The Property

Coins and Banknotes | Los Angeles | January 28, 2019 25528 Coins and Banknotes The Property of a Lady Los Angeles | Monday January 28, 2019

Bonhams Bids Inquiries REGISTRATION 7601 W. Sunset Boulevard +1 (323) 850 7500 Paul Song IMPORTANT NOTICE Los Angeles, California 90046 +1 (323) 850 6090 fax 323-436-5455 Please note that all customers, bonhams.com [email protected] irrespective of any previous activity To bid via the internet please visit with Bonhams, are required to Preview www.bonhams.com/25528 Alexandra Schettini complete the Bidder Registration Friday January 25, 323-436-5508 Form in advance of the sale. The 12 noon to 5pm Please note that bids must be [email protected] form can be found at the back of Saturday January 26, submitted no later than 4pm on every catalogue and on our 12 noon to 5pm the day prior to the auction. New Jim Jones website at www.bonhams.com and Sunday January 27, bidders must also provide proof Special Consultant should be returned by email or 12 noon to 5pm of identity and address when post to the specialist department Monday, January 28, submitting bids. Illustrations or to the bids department at 9am to 12 noon Front cover: Lot 196 [email protected] Please contact client services with Session page: Lot 95 Sale Number any bidding inquiries. Back cover: Lot 97 To bid live online and / or leave internet bids please go to 25528 Please see pages 76 to 78 for www.bonhams.com/ Lots 1 - 231 bidder information including auctions/24620 and click on Conditions of Sale, after-sale the Register to bid link at the Catalog collection and shipment. top left of the page. $35

Bonhams 220 San Bruno Avenue San Francisco, California 94103 © 2018, Bonhams & Butterfields Auctioneers Corp.; All rights reserved. Bond No. 57BSBGL0808 Order of Sale

Ancient Coins 1-11 US Colonials Through Silver Dollars 12-28 US Gold 29-94 1931-D $20 95 Commemorative Coins 96-99C US Modern Commemoratives and Bullion 100-144 World Bullion and Gold Coins 145-170 Chinese Panda and other Gold Coins 171-189 Clark Gruber & Co. Coinage 190-204 Currency 205-231 Coins and Banknotes The Property of a Lady Lots 1 - 231 1 4 1 4 Achaemenid Empire, AR Siglos, c. 5th-4th Centuries Ptolemaic Egypt, Ptolemy I, 323-305/4 BC AR BC. NGC VF Tetradrachm Ch VF NGC 5.49 Grams. Strike: 4/5, Surface:4/5. Type III. King in kneeling / 14.41 Grams. Strike: 4/5, Surface: 2/5. Svoronos 162, SNG running stance right holding spear and bow / Incuse banker’s punch Copenhagen 29. In the name of Alexander III of Macedon, Alexandria, at center. Deep sea-blue toning shows in the recesses of the design. ca. 311/0-305 BC. Diademed head of the deified Alexander right, $150 - 200 wearing elephant skin headdress / AΛEXANΔPOY, Athena Alkidemos advancing right; to right, two monograms. A bit rough in surface quality, but well centered and well defined. $1,000 - 1,200

2 2 Judea, Bar Kokhba Revolt, 132-135 AD, AR Zuz NGC Choice VF 3.63 Grams. Hendin 1422. TJC 283a. Undated issue of Year 3 5 (134/135 AD). Paleo-Hebrew Simon within a wreath of thin branches wrapped around eight almonds, medallion at top / For the freedom of 5 Jerusalem; fluted jug, handle on left, willow branch on right. Obverse Locris, Locris Opuntii, C. 369-338 BC. AR Stater strike somewhat muddled and soft; reverse sharper and quite 12.05 Grams. BCD Lokris 63. Gulbenkian 492. Head of Demeter left, attractive. Deep toning is seen in the fields. wearing triple pendant earring and necklace / OΠONTI-ΩN, Ajax the $1,000 - 1,200 Younger advancing right, nude but for helmet, holding sword and shield, interior of shield decorated with palmette and leaping lion, Boeotian helmet below. Ex: Superior Stamp & , Parker Collection, (6/1998), lot 6344.

This coin has been deemed NO DECISION by NGC. All sales are final on this lot. Good Very Fine $1,200 - 1,500

3 3 Corinthia, Corinth, 4TH Century BC AR Stater NGC XF 8.52 Grams. Strike: 5/5, Surface: 4/5. Pegasi 451, Ravel 1076. Pegasus flying left, qoppa below / Head of Athena left, wearing crestless Corinthian helmet pushed back on head, behind, I and Artemis Phosphorus advancing to left carrying torch. A pleasing specimen, nicely centered and quite smooth overall. $700 - 900

4 | BONHAMS 6 8 6 8 Kingdom of Macedon, Antigonus III Doson, 229-221 BC. Rome, Imperatorial, Mn. Cordius Rufus, c. 46 BC. AR AR Tetradrachm NGC AU Denarius. NGC Choice VF. 17.05 Grams. Strike: 5/5, Surface: 3/5. SNG Copenhagen 1204. 4.1 Grams. Strike:2/5, Surface:3/5. 440. RRC 463/1. RSC 1-2c. Dewing 1206. Amphipolis, c. 227-225 BC. Head of Poseidon right, Rome, RVFVS, Jugate heads of the Dioscuri right, each wearing wearing wreath of seaweed / Apollo, examining bow held in extended pileus ornamented with laurel and surmounted by stars / MN (ligate) right hand, seated left on prow left inscribed BAΣIΛEΩΣ ANTIΓONOY; • CORDIVS, Venus standing facing, head left, scales in right hand, monogram below. Slight porosity is noted at the right of the obverse, transverse scepter in left, Cupid on her shoulder. rich golden patina is seen in the recesses of the design. $200 - 300 $1,200 - 1,500

7 9 7 9 Sicily, Syracuse, Deinomenid Tyranny, c. 475-465 BC. Roman Empire, Vespasian, AD 69-79, Orichalcum AR Tetradrachm Sestertius NGC XF 16.85 Grams. Struck under Hieron I, ca. 475-470 BC. Boehringer 25.24 Grams. RIC 161. Hendin 1500b. Rome, AD 71. Laureate head Series XIIb, 321 (V156/R224). HGC 2, 1307. Charioteer driving of Vespasian right / IVDEΛ CΛPTΛ, Jewess seated right mourning walking quadriga right, Nike flying right above, crowning horses / beneath a palm tree, the emperor stands behind, to right holding a head of Arethusa right, wearing pearl hair band, four dolphins around. parazonium and scepter. Rare variant with different spelling of Judaea. Deeply struck on slightly porous flan, some loss of detail at base of Unusually smooth surfaces. The obverse has toned a beautiful jade- obverse. Ex: Superior Stamp & Coin, Parker Collection, (6/1998), lot green color while the reverse is a contrasting deep brick-red. 6264. $1,500 - 2,500 This coin has been deemed NO DECISION by NGC, all sales are final on this lot. Very Fine, surfaces slightly granular $800 - 1,200

COINS AND BANKNOTES | 5 10 10 Byzantine Empire, Theophilus IV, 829-842 AD, AV Tremissis, NGC AU 1.13 grams. Strike: 3/5, Surface:3/5. DOC 27a; SB 1678. Struck 831-842 AD. Syracuse mint. QEO-FILOS, crowned bust facing, wearing chlamys and holding cross on globe / QEO-FILOS, crowned bust facing, wearing loros and holding cross potent. Small flan flaw at center. Otherwise, a bright example with sharp definition and only the slightest wear. $250 - 350

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11 11 Byzantine, Theophilus, 829-842 AD, AV Solidus 3.84 Grams. Sear 1670. DO 24. Syracuse, 830-842 AD. ΘE-OFILOS, crowned bust of Theophilus facing, wearing chlamys, holding globus cruciger / ΘE-OFILOS, crowned bust of Theophilus facing, wearing loros and holding long cross. Crisply struck from fresh dies and lustrous. 12 Syracuse was reconquered from the Vandals by Belisarius in AD 535 12 and became the Empire’s most important city in the West, except 1787 Fugio Cent, Pointed Rays, STATES UNITED for Ravenna. Constans II made it his capital for five years, from Newman 11-X, W-6790, R.4. Well centered and just as well struck, AD 663 until his assassination in 668. Its mint produced both gold the surfaces are glossy brown throughout. Some dark streaky toning and bronze coins in large quantities, acquiring a style and fabric all is seen at the top of the reverse. One of the finer Fugios we have their own. Despite enduring a major Arab siege in 827-8, the city of seen in some time; and Continental Currency, February 17, 1776 Syracuse remained in Byzantine hands thanks to the timely arrival of $2/3, Extremely Fine, a well printed and well centered early fractional reinforcements sent by Michael II. Although the Arabs steadily gained Continental that is always popular with collectors. Bright red serial control of the rest of Sicily, Syracuse stayed under Byzantine control number (222982) and signature at bottom. (PCGS 883) until it was finally lost in May of 878. Brown Uncirculated About Uncirculated $1,500 - 1,800 $800 - 1,000

6 | BONHAMS 15 15 1909 50C PR64 PCGS Sharply impressed overall with a smattering of hazy, silver-gray and golden toning over both sides. From an extremely low mintage of just 650 pieces. Housed in a green label PCGS holder. (PCGS 6556) $700 - 900

16 13 Certified 1941-1947 Liberty Walking Half Dollar Set, 13 All MS64. 1909 10C MS63 PCGS; 1909 25C (Raw) Set includes: 1941 PCGS; 1941-D ANACS; 1941-S PCGS; 1942 The dime is well struck and exhibits moderate gray and brown toning, PCGS; 1942-D PCGS; 1942-S ANACS; 1943 PCGS; 1943-D PCGS; housed in a green label PCGS holder; the quarter is sharp with frosty 1943-S NGC; 1944-PDS PCGS; 1945-PDS PCGS; 1946 PCGS; surfaces and traces of sunset toning on each side. 1946-D ANACS; 1946-S PCGS; 1947 NGC; and 1947-D PCGS. Choice Uncirculated Many of the coins are housed in earlier generation holders. Total: 20 $180 - 220 coins. $1,150 - 1,250

14 17 14 1909 50C MS62 PCGS 17 This nicely struck example displays attractive luster, with light toning 1877 PROOF TR$1 present. Areas of weakness appear on the reverse at the lower right According to government records, only 510 Proof Trade dollars were portion of the eagle, as is typically the case. The surfaces reveal a few coined during the year, a figure that appears to dovetail quite nicely minuscule marks, though none is distracting. Housed in a green label with combined population statistics of the two major certification PCGS holder. (PCGS 6516) services. This example features a mostly brilliant appearance, and a $300 - 400 pronounced cameo effect on each side. It is estimated only about 25% of the proofs exhibit this characteristic. A personal inspection is recommended. (PCGS 7057) Brilliant to Choice Proof $1,600 - 1,800

COINS AND BANKNOTES | 7 19 19 1796 $1, Small Date, Large Letters VF30 ANACS B-4, BB-61, R.3. Medium silver-gray patina covers both sides of this early dollar with somewhat deeper charcoal accents at the outer areas. We note a couple of small marks and a single indentation on the obverse. Nonetheless, this piece is still far better than the typical example. Housed in an early ANACS holder. (PCGS 6860 / 40000) $2,800 - 3,500

20 20 1879-CC $1 MS60 PCGS A remarkable cartwheel effect is featured, and original surfaces give this Mint State 1879-CC dollar excellent visual appeal despite scattered abrasions and slight softness on obverse highpoints that limit the grade. The devices are heavily frosted, the fields are satiny. Some antique-golden toning is mentioned at the top of the obverse. The 1879-CC is a better date in the Carson City short set. Housed in a first generation green label PCGS holder. (PCGS 7086) $2,800 - 3,200

18 18 Proof Trade Dollar Set - 1879, 1880, 1881, 1882, 1883. The 1879 is fairly well defined with a tiny rim nick at 12 o’clock on the obverse and a moderately toned, slightly subdued appearance; the 1880 is toned and well defined with a few scattered hairlines; the 1881 exhibits modest gray and charcoal toning, deeper about the rims; the 1882 is deeply toned in gunmetal-gray and brown hues; and the 1883 is also moderately to deeply toned in gray and brown shades. A well balanced set that has obviously NOT been dipped or messed with for many decades. Brilliant Proof / Gem Proof $7,500 - 8,500

8 | BONHAMS 21 21 1881-S Morgan Dollars (10) All are fully lustrous and well struck as is typically the case with ‘81-S dollars. Choice Uncirculated / Gem Uncirculated $250 - 300

22 22 1892-CC $1 The 1892-CC is far scarcer than its counterparts from the early years of the 1880s. The issue was never released en masse, though Mint State coins are available through near-Gem condition. Naturally, demand always exceeds supply. This is a minimally toned, well-struck Carson City dollar with occasional specks of reddish-gold color near the obverse rim. The fields are smooth and generally clean, however, 23 a couple of tiny milling marks are seen on Liberty’s cheek. Housed in a 23 Blanchard Holder. (PCGS 7214) Brilliant to Choice Uncirculated Carson City GSA Silver Dollars (13). $750 - 850 Included are: 1880-CC (2); 1881-CC (2); 1882-CC (2); 1883-CC (3); 1884-CC (2); and 1885-CC (2). A typical “CC” appearance is seen on each example: mostly brilliant each with a few bag marks. These are all housed in their original plastic holders, no boxes or papers are included. Total: 13 coins. Brilliant Uncirculated / Choice Uncirculated $3,000 - 3,400

24 Morgan Dollars Including 1883-O MS65 DPL NGC Other (uncertified) dates included are: 1878-S; 1879-S; 1880-S 1881- S; 1884-O; 1885-S; 1895-S; 1904-O (2); and a 1921 Morgan all of which average AU/CU. Also present is an 1840 Liberty Seated dollar which is VF/XF Cleaned. Total: 12 pieces. The 1840 S$1 About Extremely Fine, the rest mainly Choice to Gem Uncirculated $2,000 - 2,500

COINS AND BANKNOTES | 9 25 Partial Morgan Dollar Set in Black Capitol Plastic Holder The set LACKS: 1979-CC; 1889-CC; 1892-CC; 1893-CC; 1894; 1895; 1895-S; 1898-S; and 1904-S. Included are: 1892-S Fine; 1893-S Fine / Very Fine; 1885-CC Choice Brilliant Uncirculated; 1895-O Extremely Fine; and a 1903-O Uncirculated. The remainder of the coins are generally Extremely Fine to About Uncirculated. Many are brilliant, some are lightly to modestly toned. A personal inspection is highly recommended. Sold as a lot, not subject to return. Generally Extremely Fine to About Uncirculated, many Choice to Gem Uncirculated $9,000 - 11,000

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10 | BONHAMS 26 26

26 U.S. Set, 1921-1935; and Set, 1971-1976 The Peace dollars are housed in a black Capital plastic holder; the Ikes are in a white Capital plastic holder. All dates and mints are included, the Ike set includes all BU and Proof coins. Since there is no return privilege on these sets, a personal inspection prior to bidding is recommended. About Uncirculated to Gem Uncirculated $800 - 1,000

COINS AND BANKNOTES | 11 27 Partial U.S. Mint Sets, 1892-1926 Included are: 1892, quarter only; 1893 cent and nickel; 1894, cent only; 1895, half dollar, nickel, cent; 1896, half dollar only; 1897, cent, nickel, dime; 1898, cent, nickel, dime, quarter, half dollar; 1899, cent, nickel, dime, quarter, half dollar; 1900, cent, nickel, dime, quarter, half dollar; 1901, cent, nickel, dime, quarter, half dollar; 1902, cent nickel, dime, quarter; 1903, cent nickel, quarter, half dollar; 1904, cent, nickel, quarter; 1905, cent, nickel, dime, quarter, half dollar; 1906, cent, nickel; 1907, cent, nickel, dime, quarter, half dollar; 1908, cent, nickel, dime, half dollar; 1909, cent, nickel, dime, quarter, half dollar; 1910, cent, nickel, dime, quarter; 1911, cent, nickel, dime; 1912, cent, nickel, dime, quarter, half dollar; 1913, cent nickel dime, 30 half dollar; 1914, cent, nickel, dime, quarter; 1915, cent, nickel, dime, 30 quarter; 1916, cent, nickel, dime, quarter; 1917, cent, nickel, dime, 1849-D G$1 quarter, half dollar; 1918, cent, nickel, dime, quarter, half dollar; 1919, Well struck throughout, with obvious doubling on the obverse portrait cent, dime, half dollar; 1920, cent, nickel, dime, half dollar; 1921, and stars. Traces of luster remain in the protected areas of the cent, nickel; 1923, nickel, dime, half dollar; 1924, cent, nickel, dime, obverse. Minimally marked with only modest wear across the highest quarter; 1925, cent, nickel, dime, quarter; and 1926, cent, nickel, design elements. An attractive piece that should find a home with dime, quarter. an appreciative Southern gold enthusiast. Ex: Walter Breen Auction, (6/1975), lot 698. (PCGS 7507) A personal examination is required as many of the coins appear to Extremely Fine / About Uncirculated, possibly cleaned be BU including some of the quarters and half dollars. Certainly a $750 - 850 worthwhile collection of early date sets, all housed in plastic holders. Approximately 34 sets, not subject to return. Poor to Uncirculated $1,500 - 1,800

28 U.S. MINT AND PROOF SETS, 1927-1966 Included are: Proof sets 1950-1962, partial date sets 1927-1966 including Mint State single sets of 1947, 1948, and 1949. A personal inspection is recommended. Sold as a lot, not subject to return. Good to Brilliant Uncirculated / Brilliant Proof $1,000 - 1,200

31 31 1854 Type Two G$1. A well centered example showing string definition throughout. The surfaces are minimally marked. (PCGS 7531) Extremely Fine $180 - 220

29 29 1849 G$1. Open Wreath. No L. Frosted devices with satiny, smooth fields. Only close examination reveals slight rubbing on the design highpoints. An ideal type coin representing the premier year of issue for the . Ex: Walter Breen Auction, (6/1975), lot 693. (PCGS 7501) About Uncirculated 32 $220 - 250 32 1857-C G$1 The golden-tan surfaces are typically subdued, but the design elements show good remaining definition, save for the usual softness on the IT of UNITED, and the 1 and 8 in the date. The C mintmark is boldly struck. Ex: Walter Breen Auction, (6/1975), lot 745. (PCGS 7545) Very Fine $600 - 700

12 | BONHAMS 33 36 33 36 1883 G$1 1908, 1926 $2.5 An attractive gold dollar type candidate, this example displays original, Both show nominal wear for the grade assessments. Two ideal frosty yellow-gold luster over each side. A couple of very minor scuffs circulated type coins. Total: 2 coins. and ticks in the obverse field appear to be the only grade-limiting Extremely Fine factors on this piece. Irregularities in the border dentils are typically $380 - 450 characteristic of this issue. Together with ANACS Certificate graded MS63/63. (PCGS 7584) Choice Uncirculated / Gem Uncirculated $320 - 350

34 34 1835 $2.5 Beautiful, original appearing sunset-red color circles the borders on each side. Traces of luster remain in the protected areas of the design. Well defined with excellent remaining detail. (PCGS 7693) Extremely Fine / About Uncirculated $500 - 600 37 37 1908, 1909, 1910, 1911, 1912 $2.5 All have either been cleaned, damaged, or polished. An affordable group of this popular type gold coin. Fine to Very Fine, most polished $650 - 750

35 35 1907 $2.5 MS63 PCGS Outstanding quality for this conservative grade rating. Exceptionally clean green-gold surfaces are essentially unmarked, and present well struck detail. A personal examination of this lot is recommended. Housed in a green label PCGS holder. (PCGS 7859) $250 - 280

COINS AND BANKNOTES | 13 38 38 1911-D $2.5, Weak D. Rich peach-gold patina over both sides, the devices boldly defined and the D mintmark faint, yet easily discernible with the aid of a loupe. The key date Indian issue. (PCGS 7943 / 7954) Extremely Fine / About Uncirculated $1,500 - 1,800

40 40 1913, 1914, 1915, 1925-D, 1926 Indian Head $2.5 Some are damaged and / or cleaned. An affordable group of Indian quarter eagles. Fine to Very Fine, some cleaned $650 - 750

39 39 1913, 1929 $2.5 Both coins retain essentially full, frosty luster and good color. Together with ANACS Certificate graded MS63/63. About Uncirculated / Brilliant Uncirculated $380 - 450

41 41 1925-D $2.5 MS63 PCGS Fully lustrous and well detailed. An ideal, affordable example of this popular type coin. Housed in a green label PCGS holder. (PCGS 7949) $280 - 320

42 42 1926 $2.5 MS62 NGC Brilliant golden luster throughout with minimal surface marks. A noteworthy example of this type coin. (PCGS 7950) $220 - 250

14 | BONHAMS 45 45 1812 $5. Wide 5 D. BD-1, R.3. An attractive offering of a fresh Left . The surfaces shimmer with a mix of satiny and frosty luster in all but the most vulnerable areas. Both sides are free from any obtrusive 43 marks of any kind, save for some lateral mint-made adjustment marks at the center of the reverse. A light amount of wear is present on the 43 highpoints of the obverse, on the reverse, strike weakness occurred Indian Quarter Eagles and Saint-Gaudens $20 Double first, followed by light wear most noticeable on the tops of the wings. Eagles A pleasing and choice example, seemingly finer than our estimated Included are: 1927; 1928; and 1929 quarter eagles; 1909-S and 1920 grade. Ex: Walter Breen Auction, (6/1975), lot 363. (PCGS 8112 / $20 coins. Some are either Mint State or close to it. A lot worthy of a 507601) personal inspection. Total: 5 coins. Very Fine to Extremely Fine Extremely Fine / About Uncirculated $2,800 - 3,200 $4,000 - 5,000

44 46 44 46 1854 $3. 1820 $5 Square Base 2, Large Letters. Notably circulated with a couple of tiny facial marks. An affordable BD-2, High R.5. A record mintage of 263,806 Capped Head Left half type coin for the collector on a budget. The word DOLLARS on the eagles was achieved in 1820, however, most have been lost to melting reverse features small letters making this a one-year type. Ex: Walter or circulation over the ages. There are nine die varieties identified for Breen Auction, (6/1975), lot 10. (PCGS 7969) Extremely Fine the date, four varieties show a Square Base 2 in the date, and the $600 - 750 others a Curved Base 2. This coin represents the Square Base 2 BD-2 variety, with star 13 touching the curl and the missing back, right talon of the eagle’s foot. The BD-2 is a rare variety with a surviving population of only 20-25 examples in all grades. This piece has been well circulated and cleaned at one time, but still a desirable example of this rare capped Bust half eagle of which very few are known. Ex: Walter Breen Auction, (6/1975), lot 371. (PCGS 8125 / 519921) Very Fine, polished $2,000 - 2,500

COINS AND BANKNOTES | 15 47 49 47 49 1850-D $5 AU55 PCGS 1893 $5 MS62 NGC A strong mintmark appears on the lower reverse of this example, a Bright golden-apricot color is further enhanced by the sharp strike. feature not always found on coins from this Dahlonega Mint issue. Just a few minor scattered marks here and there limit the grade to Typically soft over the centers, however, with even highpoint wear and MS62. A very desirable type coin selection. (PCGS 8383) only trivial surface marks. Scarce in this high grade. $650 - 750

Generally speaking, the coins from the two southern gold mints (Dahlonega and Charlotte) tend to have lighter coloration than their Philadelphia Mint counterparts. By law, gold coinage during the operation of the Dahlonega Mint (1838-1861) was 0.900 fine, meaning 900 parts per thousand (by weight) pure gold. The remaining 100 parts constituted the alloy (pure gold being too soft and malleable to produce coins that would stand up to the rigors of circulation). By law for that time period, the alloy for gold coins was and silver, provided that the silver did not exceed one-half the alloy. Thus, the silver content could be up to 50 parts per thousand. It was therefore lawfully possible to have coins with varying concentrations of silver, a metal that lightens the color of gold when in higher concentrations. Copper, on the other hand, gives a reddish tint to the alloy. (PCGS 50 8245) 50 $3,800 - 4,500 1880, 1881 $10 A pair of average circulated examples of the Liberty eagle. Very Fine $1,100 - 1,300

48 48 51 1864 $5 An attractive example of this very scarce date with deep reddish 51 color in the design recesses on both sides. Noticeably circulated with 1882, 1901 $10 scattered trivial abrasions and a curving mark across the shield on Both appear to be average circulated examples. the reverse is mentioned for future identification purposes. This low Very Fine mintage issue of just 4,170 circulation strikes is rare at any grade level. $1,100 - 1,300 According to PCGS, only 60 to 75 examples are known in all grades. (PCGS 8296) Very Fine / Extremely Fine $1,500 - 1,800

16 | BONHAMS 52 55 55 52 1850 $20 1886-S $10 Popular as the first year of issue, this piece has lovely, rich green-gold Although the 1886-S eagle is somewhat available in circulated and color, and is evenly worn with plenty of remaining detail. Ample luster lower Uncirculated grades, an example as nice as this is nearly remains in the recesses of the design. A very pleasing example with unobtainable. The frosted surfaces of this high-end example add minimal contact marks. Ex: Walter Breen Auction, (6/1975), lot 50. considerable eye appeal. Marks are minimal and the strike is razor- (PCGS 8902) sharp. Attractive lime-gold color shows at the borders. (PCGS 8709) Extremely Fine / About Uncirculated Uncirculated $1,800 - 2,000 $600 - 650

55A 53 55A 53 1853-O $20 EF/AU, semi-prooflike 1932 $10 MS62 PCGS Generous mint luster is retained on both sides with a noticeable Fully frosty and highly lustrous. Just a couple of tiny marks are seen on amount of prooflike reflectivity seen around the devices and also in Liberty’s chin and cheek. Housed in a green label PCGS holder. Also the fields. Pleasant soft yellow-golden color is the mark of original together with original ANACS certificate graded as MS63/63. (PCGS surfaces. Well struck throughout, and offering excellent eye appeal 8884) for this often heavily abraded date. The only softness worth noting $650 - 750 is at the left side of the mintmark, which is typical of the issue and is just a matter of the mintmark having been poorly punched into the die steel. Very rare in high grades. While AU coins are seen from time to time, Mint State coins are virtually impossible with only two examples graded higher than AU-58 (both PCGS) by both of the major grading services. Therefore, an attractive high grade specimen like this one is about the best collectors are likely to see without waiting a very long time. (PCGS 8910) Extremely Fine / About Uncirculated $5,000 - 7,000

54 54 1932 $10 Along with the 1926, the 1932 is the only post WW I date readily available to collectors as a Choice or Gem example. This one features a typical firm strike with frosty luster and pale golden color. Together with ANACS Certificate graded MS63/63. (PCGS 8884) Brilliant to Choice Uncirculated $600 - 700

COINS AND BANKNOTES | 17 56 56 1864-S $20 PCGS Cleaned Struck on an olive-golden planchet, traces of deep red color have accumulated within the protected areas of the design. Smooth, even wear with just a few tiny marks. Unfortunately, the coin appears to have been once cleaned. This item was found on the construction site in downtown San Francisco in the 1970’s, clearly a remnant of the City’s history. (PCGS 8942) $1,400 - 1,600

58 58 1894-S, 1895, 1896-S $20 The 1896-S is lightly circulated, the other two coins are BU with some light marks and abrasions present. About Uncirculated / Brilliant Uncirculated $3,500 - 3,800

57 57 1879-CC $20 Evenly worn overall with traces of luster remaining in the most protected areas of the design. Scarce this finely preserved. Among Carson City double eagles, the 1879-CC is one of the more elusive of this era with only 10,708 pieces struck. (PCGS 8989) Extremely Fine $5,000 - 6,000

59 59 1897, 1898-S, 1899-S, 1900-S $20 A couple appear somewhat higher than our grade estimate. Worthy of a close inspection. Very Fine / Extremely Fine $4,500 - 5,000

18 | BONHAMS 60 60 1899, 1902-S $20 MS62 PCGS Both are quite attractive examples for the assigned grade(s). Each is fully lustrous and worth a close examination. $2,400 - 2,600

62 62 1901 $20, 1901 $10, 1901-S $5, 1901 $2.5 MS63 PCGS A median graded Mint State 1901 gold coin date set. A personal examination is recommended. $2,400 - 2,600

61 61 1899 $20, 1899 $10, 1899 $5, 1899 $2.5 MS62 NGC A near-Select graded Mint State, 4 coin 1899 gold coin date set. A personal examination is recommended. $2,400 - 2,600

63 63 1901 $20, 1901 $10, 1901-S $5, 1901 $2.5 MS63 NGC A median graded Mint State, 4 coin 1901 gold coin date set. A personal examination is recommended. $2,400 - 2,600

COINS AND BANKNOTES | 19 66 66 1904 $20 MS62 NGC Frosty greenish-golden luster overall. Not a bad looking example. (PCGS 9045) $1,200 - 1,300

64 64 1901 $20, 1901-S $10, 1901-S $5, 1901 $2.5 MS63 PCGS A Select graded, 4 coin 1901 gold coin date set. Each coin shows some typical marks for the grade(s). $2,400 - 2,600

67 67 1905-S, 1906-S, 1907 LIBERTY, 1908-D NM $20 All appear lightly to modestly circulated, none are damaged or cleaned. Generally Extremely Fine $4,500 - 5,000

65 65 1901-S, 1902-S, 1903-S, 1904-S $20 Most show moderate to heavy abrasions. Total: 4 coins. Extremely Fine / About Uncirculated $4,500 - 5,000

20 | BONHAMS 71 71 1908 MOTTO $20 MS60 PCGS The surfaces are somewhat dull overall, and a few scattered abrasions are also reported. Housed in a green label PCGS holder. (PCGS 9147) $1,200 - 1,400

68 68 1905-S $20, 1905 $10, 1905 $5, 1905 $2.5 MS61 NGC A lower graded Mint State 1905 gold coin date set. A personal examination is recommended. $2,400 - 2,600

72 72 1908 NM WELLS FARGO HOARD $20 MS66 PCGS (2) Wells Fargo Hoard. Both are fully lustrous and well preserved, characteristic of the Wells Fargo holding. Both strikes show minor blending on Liberty’s nose and the eagle’s leg plumage, as usual for the briefly coined No Motto subtype. (PCGS 9142 / 99142) $3,200 - 3,500

69 69 1907 Liberty $20 MS62 NGC (2) Both are fully frosty and exhibit typical bag marks for the assigned grade. (PCGS 9052) $2,400 - 2,600

73 73 1908 No Motto $20 MS61 NGC Fully lustrous throughout, but a little too “baggy” for a finer grade. (PCGS 9142) $1,200 - 1,400

70 70 1907 Saint-Gaudens $20 MS62 PCGS (2) Each coin is fully lustrous with attractive golden-tan color. Striking flatness and normal bag marks serve to limit the grade(s). (PCGS 9141) $2,500 - 2,800

COINS AND BANKNOTES | 21 74 76 74 76 1909-S $20 MS65 NGC 1910-D $20 MS62 NGC This Gem 1909-S Saint-Gaudens is among the finest Fully lustrous with an attractive original appearance. Just a few small budget-conscious collectors will be able to acquire as higher-grade abrasions are noted. (PCGS 9155) examples are rarely seen. This piece displays sharp motifs and satiny $1,200 - 1,400 straw-gold luster. A few trivial surface grazes preclude an even finer grade. (PCGS 9153) $2,500 - 2,800

77 77 1910-D $20, 1910-D $10, 1910 $5, 1910 $2.5 MS62 NGC A near-Select graded Mint State, 4 coin 1910 gold coin date set. A personal examination is recommended. $2,400 - 2,600 75 75 1910, 1911, 1912, 1913-D, 1914 $20 All appear to be decent, circulated Saint-Gaudens examples. Extremely Fine / About Uncirculated $5,800 - 6,500

78 78 1910-S $20 MS63 PCGS Rich yellow-golden color overall. Just a few tiny surface marks are noted that serve to limit the grade. Housed in a green label PCGS holder. (PCGS 9156) $1,200 - 1,400

22 | BONHAMS 79 82 79 82 1911-D $20 MS63 PCGS 1914-D $20 MS64 NGC Soft, satiny luster and a minimum of visible marks. The strike wanes From a mintage of 453,000 pieces, this attractive near-gem specimen a bit on selected design highpoints. Housed in a green label PCGS offers sharply detailed design elements and well-preserved yellow-gold holder. (PCGS 9158) surfaces, with vibrant mint luster and outstanding eye appeal. (PCGS $1,200 - 1,400 9165) $1,200 - 1,400

80 83 80 1913-D $20 MS62 PCGS 83 Lightly abraded and a bit too soft on the design highpoints for a finer 1914-S $20 MS64 PCGS grade. Still, an attractive Denver Mint issue. Housed in a green label The mildly granular surfaces, common to most pre-1920 double PCGS holder. (PCGS 9162) eagles, are apparent here and sparkling mint frost is laid across $1,200 - 1,400 each side. Minimally abraded with especially attractive golden luster. Housed in a green label PCGS holder. (PCGS 9166) $1,300 - 1,500

81

81 84 1914 $20 MS63 PCGS The Philadelphia Mint coined just 95,250 double eagles in 1914, the 84 sixth lowest production in the Saint-Gaudens double eagle series. This 1915-S $20 MS63 NGC example has lovely satin luster and minimal, microscopic marks on its Sharp and lustrous with a pleasing green-golden finish. (PCGS 9168) pleasing green-gold surfaces. The obverse appears a couple of grade $1,200 - 1,400 points finer than the reverse. Housed in a green label PCGS holder. (PCGS 9164) $1,800 - 2,000

COINS AND BANKNOTES | 23 85 88 85 88 1920 $20 MS60 NGC 1923 $20 MS61 PCGS Appearing somewhat finer than the stated grade, a fully lustrous, Somewhat flatly struck with slight weakness showing on each side. minimally abraded example. (PCGS 9170) Housed in a green label PCGS holder. (PCGS 9175) $1,200 - 1,400 $1,200 - 1,400

86 89 86 89 1922 $20 MS62 NGC 1924 MS63 PCGS Bright golden luster and just a few scattered marks over each side. Minimally marked for the grade with rich, antique-golden color overall. (PCGS 9173) (PCGS 9177) $1,200 - 1,400 $1,200 - 1,400

87 90 87 90 1922-S $20 MS61 PCGS 1924-S $20 AU58 NGC Pleasing luster radiates from the surfaces of this conservatively graded Once considered the rarest Saint-Gaudens double eagle, the 1924-S double eagle. There are just a few minor marks at a couple of obverse is now only a median rarity in this series thanks to the emergence locations, however, the smooth reverse fields with minimal abrasions of numerous examples coming from Europe during the 1950s and are, on their own, worthy of consideration at a higher grade level. A 1960s. Typical of the issue, the present example is fairly well struck scarcer S-mint from the 1920s. Housed in a green label PCGS holder. with a mixture of reddish-gold and green-gold color. Lightly abraded (PCGS 9174) with faint wear on the highpoints, yet free of singularly mentionable $1,800 - 2,200 distractions. (PCGS 9179) $2,200 - 2,500

24 | BONHAMS 91 93 91 93 1925-S $20 AU55 NGC 1927 $20 MS65 PCGS A seldom seen San Francisco issue; more than 3.7 million pieces A “no-questions” Gem example with deep yellow-golden patina and were struck but most ended up being melted in the mid-1930s. a virtually unmarked appearance. A perfect choice for a type Saint- This is a lustrous yellow-gold representative with just a touch of Gaudens twenty. (PCGS 9186) friction precluding a Mint State assessment from NGC. No significant $1,600 - 1,800 abrasions are observed, an oddity at this grade level. A noteworthy example of this scarce S-mint from the 1920s. (PCGS 9182) $2,500 - 2,800

94 94 92 1928 $20 MS62 PCGS Bright yellow-golden color overall with just a few typical small marks 92 for the assigned grade. (PCGS 9189) 1926 $20 $1,200 - 1,300 Fully lustrous and minimally marked for the issue. An ideal type coin selection. (PCGS 9183) Brilliant Uncirculated / Choice Uncirculated $1,200 - 1,300

COINS AND BANKNOTES | 25 95

95 1931-D $20 MS65 PCGS The 1931-D $20 was one of 10 varieties of Saint-Gaudens double A lovely, lustrous specimen with satiny surfaces on both sides. Well eagles available in Uncirculated condition for face value (plus mailing struck, the centers present a subtle pink-golden appearance while soft charge) from the Treasury Department in the summer of 1932. lime-golden color has formed at the outer portions of the coin from Unsold pieces remained in storage at the Philadelphia Mint and at the years of careful storage, probably in an album. A couple of tiny marks Treasury Building in Washington and went to the melting pots in 1937. are noted on Liberty’s leg, a few tiny ones are below the eagle on the This is an opportunity for the Saint-Gaudens specialist to acquire one reverse. The 1931-D double eagle features the sixth lowest mintage of the finest examples known of this later date rarity. Population: 16 in of the series, just 106,500 pieces. The issue was probably intended 65, only 7 are finer. (PCGS 9193) for reserves, as there was little call for large denomination coins in the $80,000 - 100,000 domestic economy during the Great Depression. Most of the coins were melted after the Gold Recall of 1933.

Currently, only seven examples have been graded finer by PCGS. There are some companions (16) at the MS65 level, no doubt some of them representing multiple submissions. The rarity of the 1931-D has been well known for a long time. It is the penultimate to the latest dated Saint-Gaudens double eagle that can be practically collected, as the infamous 1933 is exceedingly rare and also valued into multiple millions of dollars.

The 1931-D is one of the most desired of all Saint-Gaudens double eagles. PCGS estimates that somewhere between 100 to 150 different pieces exist in numismatic hands, nearly all of which are 96 Choice or Gem quality, as is this particular coin. Most were kept in the 96 and melted in the 1930s, however, it seems that a few 1892 Columbian Exposition 50C; and 1893 Columbian dozen were acquired as investments by knowledgeable numismatists, Exposition 50C F.C.C. Boyd likely among them, and sold into the market through The 1892 is graded MS63 PCGS, the 1893 is graded MS63 NGC. various dealers (especially Abe Kosoff) in the 1940s. An unknown Both coins appear to be naturally toned in a most attractive fashion. quantity was exported to Europe. The 1927-D, now the premier $80 - 100 issue of the series, was actually thought to be less rare than this date until the early-1950s when small quantities of the 1931-D first began showing up in European banks. Over the next two decades, a couple of mini-hoards of the ‘31-D were discovered, but relatively few of these pieces graded better than Choice Uncirculated and the majority were heavily marked and / or lackluster. Despite the emergence of a hoard of 15-20 pieces in 1984, the 1931-D continues to hold its place as the second rarest Saint-Gaudens double eagle from the Denver Mint today.

26 | BONHAMS 97

97

1923-S 50C Monroe MS67 PCGS through Central America with her right hand. The South American This beautiful Condition Census 1923-S Monroe half dollar is vividly figure holds a cornucopia with her right arm. The major ocean currents toned in multicolored hues including reddish-gold, sea-blue, pinkish- of the Atlantic and Pacific are also included, and apparently represent rose, jade-green and silver-apricot iridescence. The surfaces are the flow of goods between the two continents, unimpeded by the smooth, satiny and truly delightful. For pedigree purposes, a pair of European powers. In the lower left reverse field the centennial dates microscopic contact marks are seen in the field to the left of South 1823-1923 flank both sides of a scroll and quill, symbols clearly America. intended to suggest the Monroe Doctrine. The inscriptions MONROE

DOCTRINE CENTENNIAL and LOS ANGELES encircle the border. Authorized by an act of Congress dated January 24, 1923 (which While 300,000 coins were authorized, only 274,000 were actually also allowed for a maximum mintage of 300,000 coins), half dollars struck. of this type were intended to commemorate the centennial of the announcing of the Monroe Doctrine. The San Francisco Mint struck In Mint State, the Monroe Doctrine is among the scarcer classic 274,000 examples, plus an additional 77 coins for assay purposes; commemorative half dollars, and in Gem and higher grades it is a most coins distributed by the Los Angeles Clearing House at $1 leading condition rarity in the series. As one of the highest graded each. Approximately 27,000 examples were sold, either through examples known to PCGS, the present vividly toned example the Clearing House or at the American Historical Revue and Motion comes highly recommended for inclusion in the finest collection. The Industry Exposition, which backed the issue as a source of revenue for Monroe Doctrine Centennial half is one of the keys to a complete the event. The remaining pieces failed to sell and were released into commemorative silver set in Gem or finer grades, and the present circulation, explaining the abundance of XF and AU examples. Such Superb Gem represents a virtually unimprovable opportunity. PCGS coins were seen in circulation into the 1940s. Population: 7 in MS67, only one is finer, a 67+. (PCGS 9333)

$9,000 - 12,000 In the early 1920’s, Hollywood was reeling from multiple scandals. To help polish the studios’ tarnished reputations, the American Historical Revue and Motion Picture Historical Exposition was formed. In an effort to raise funds for the new organization, it was decided that a commemorative coin would not only do the trick, but would have the additional benefit of generating much needed goodwill for the film industry. The Exposition decided that the Monroe Doctrine, written 100 years earlier in 1923, would make for a popular coin. Legislation passed on January 24th, 1923 authorized the minting of no more than 300,000 Monroe Doctrine Centennial half dollars. Sculptor Chester Beach was selected to design the coin. The obverse is simple enough, and shows the conjoined busts of Monroe and his Secretary of State in 1823, John Quincy Adams. Surrounding the busts at the periphery are the inscriptions UNITED STATES OF AMERICA and HALF 98 DOLLAR. To their left is IN GOD WE TRUST, and to the right the date and mint mark. The reverse was originally to be a simple depiction 98 of North and South America. However, in place of the relief maps 1903 Louisiana Purchase / McKinley G$1. of the continents, Beach substituted two female figures which were Satiny yellow-gold with no singularly mentionable marks. Well defined contorted into a rough approximation of the shape of each land mass. with just a bit of reddish patina on the reverse. Ex: Walter Breen The North American figure holds a branch in her left hand in the area Auction, (6/1975), lot 821. (PCGS 7444) of northern Canada while extending a twig to South America Brilliant Uncirculated / Choice Uncirculated $220 - 250

COINS AND BANKNOTES | 27 99 99 1926 SESQUICENTENNIAL $2.5 MS63 PCGS Both sides of this attractive gold commemorative exhibit a vibrant, satiny sheen and especially smooth fields. Only a few microscopic ticks on the figure of Liberty are visible under close inspection. Housed in a green label PCGS holder. (PCGS 7466) $280 - 320

99A

99A

99A 1915-S Panama-Pacific 50C Each side is toned in a similar fashion, exhibiting original tones including bright sea-green, gunmetal-blue, rich gold, and some sunset-red on the reverse. A simply stunning example, the result of 100 years of careful storage in a 2x2 Kraft envelope. As you would expect, the surfaces are boldly defined and essentially perfect as struck. Even close examination fails to reveal a single mark or tick of any kind. Accompanied by a letter from the Treasury Department that reads: “ To whom it may concern: This is to certify that the herewith enclosed is No. 30 of the first issue of one hundred silver coins of the denomination of One Half Dollar which were struck from the coining press in the United States Mint at San Francisco, California, in commemoration of the Panama-Pacific International Exposition, pursuant to the Act of Congress approved January 16, 1915.” It is hand signed by J.W.H. Shanahan, Superintendent of the United States Mint, San Francisco, California. Also present is a 2x2 brown envelope that is typed P.P.I.E. SILVER HALF DOLLAR NUMBER THIRTY (30). The coin, letter, and envelope are housed in a clear plastic display holder. A very special display for the advanced U.S. commemorative collector. (PCGS 9357) Gem Brilliant Uncirculated $3,000 - 5,000

28 | BONHAMS 99B

99B

99B 1915-S Panama Pacific G$1 Bright yellow-gold with a sharp strike and essentially flawless surfaces. Accompanied by a letter from the Treasury Department that reads: “ To whom it may concern: This is to certify that the herewith enclosed is No. 30 of the first issue of one hundred gold coins of the denomination of One Dollar which were struck from the coining press in the United States Mint at San Francisco, California, in commemoration of the Panama-Pacific International Exposition, pursuant to the Act of Congress approved January 16, 1915.” It is hand signed by J.W.H. Shanahan, Superintendent of the United States Mint, San Francisco, California. Also present is a 2x2 brown envelope that is typed P.P.I.E. GOLD DOLLAR NUMBER THIRTY (30). The coin, letter, and envelope are housed in a clear plastic display holder. This is a coin (and accompanying documentation) that will give a whole new meaning to the now commonly used term “First Strike.” (PCGS 7449) Gem Brilliant Uncirculated $1,000 - 1,500

COINS AND BANKNOTES | 29 99C

99C

99C 1915-S Panama-Pacific $2.5 Brilliant yellow-gold with just a hint of subtle pink color. Each side presents a bold, sharp strike as one would expect on a true “first issue” coin. The fields and devices are mark and abrasion- free. Accompanied by a letter from the Treasury Department that reads: “ To whom it may concern: This is to certify that the herewith enclosed is No. 30 of the first issue of one hundred gold coins of the denomination of Two and One Half Dollars which were struck from the coining press in the United States Mint at San Francisco, California, in commemoration of the Panama-Pacific International Exposition, pursuant to the Act of Congress approved January 16, 1915.” It is hand signed by J.W.H. Shanahan, Superintendent of the United States Mint, San Francisco, California. Also present is a 2x2 brown envelope that is typed P.P.I.E. TWO AND ONE HALF DOLLAR GOLD PIECE NUMBER THIRTY (30). The coin, letter, and envelope are housed in a clear plastic display holder. This is easily one of the finest Pan-Pac quarter eagles we have ever seen. Worthy of a premium bid. (PCGS 7450) Gem Brilliant Uncirculated $2,500 - 4,000

101 1989 Congressional 3 Coin Gold and Silver Proof Sets (3). Included in each set are: clad half dollar; silver dollar; and gold 5 dollar coins. $850 - 1,050

102 102 1991 Mount Rushmore 3 Coin Gold and Silver Proof 100 Sets (7) 100 Included in each set are: copper-nickel half dollar; silver dollar; and 1987 Constitution 4 Coin Gold and Silver Proof Set. gold 5 dollar coins. This set contains a silver dollar and $5 gold coin, both BU and Proof $2,200 - 2,500 strikings. Total: 4 coins in set. $600 - 800

30 | BONHAMS 103 1992 Columbus Quincentenary 3 Coin Gold and Silver Proof Sets (3). Included in each set are: clad half dollar; silver dollar; and gold 5 dollar coin. $950 - 1,050

104 1993 Bill of Rights 3 Coin Gold and Silver Proof Sets (2). Included in each set are: silver half dollar; silver dollar; and gold 5 dollar coin $650 - 700

105 1994 World Cup 3 Coin Gold and Silver Proof Set. Included in this set is: clad half dollar; silver dollar; and gold 5 dollar coin. 108 $300 - 400

106 108 2001 U.S. Capitol 3 Coin Gold and Silver Proof Sets 1983 / 1984 6 Piece Olympic BU and Proof Sets (5). (4). Each set contains 4 silver dollars (BU and Proof) and 2 $10 gold coins, Included in each set are: clad half dollar; silver dollar; and gold 5 dollar (BU and Proof). Total: 5 sets, each containing 6 coins. coin. $6,000 - 7,000 $1,200 - 1,400

109 109 107 1986 $25 American Gold Eagles, MS69 PCGS (2) Fully struck, the surfaces are without marks or abrasions of any kind. 107 (PCGS 9805) 1983 / 1984 Olympic 3 Coin Gold and Silver Proof Sets $1,200 - 1,300 (5) 1988 Olympic 2 Coin Gold and Silver Proof Sets (3); and a 1992 Olympic 3 Coin Gold and Silver Proof Set. Some of the coins have developed some cloudy toning over the years. Total: 9 sets. $4,200 - 4,500

COINS AND BANKNOTES | 31 112 112 1987 4 Piece Gold American Eagle Set, MS68 ICG; 1995-W $50 4 Piece Gold American Eagle Set, Proof 70 DCAM PCGS. All are beautiful, original examples that appear as graded. 110 $6,000 - 7,000 110 1986 $50 AGE MS69 NGC; 1986 $25 AGE MS69 PCGS; 1986 $10 AGE MS69 NGC; 1986 $5 AGE MS69 NGC A nearly perfect 4 coin date set of 1986 American Gold Eagles. $2,200 - 2,400

111 111 1987 American Eagle 1 Ounce and 1/2 Ounce Gold Proof Set. Both are perfect as issued by the West Point and Philadelphia mints. 113 Total: 2 coins. $1,800 - 2,000 113 1997 3 Piece Impression of Liberty Set, No Case. Included are: 1 ounce gold American Eagle; 1 ounce platinum American eagle; and 1 ounce silver American eagle. No case or COA is present with this lot. Gem Proof $2,000 - 2,200

32 | BONHAMS 114 114 1999-W $10 1/4 Ounce Gold Eagle Struck With Unfinished Proof Die, MS68 PCGS. Close examination reveals minor details missing, a product of modern- day minting. (PCGS E99942) $700 - 900

116 116 2005 American Eagle 4 Coin Gold Set, MS70 NGC Bright and untoned, no imperfections of any kind are reported. $2,200 - 2,400

117 117 115 2006-W Buffalo $50 Gold 1 Ounce, Proof 70 Ultra Cameo NGC 115 A perfectly preserved example featuring a design similar to that on the 2004 American Eagle 4 Coin Gold Set, MS70 NGC which was created in 1913. (PCGS 9990) Fully brilliant overall, no imperfections of any kind are reported. $1,250 - 1,350 $2,200 - 2,400

118 118 2006-W Buffalo $50 Gold 1 Ounce, Proof 70 Ultra Cameo NGC Deeply frosted devices and highly mirrored fields. A highly popular gold bullion piece. (PCGS 9990) $1,200 - 1,300

COINS AND BANKNOTES | 33 119 122 119 122 2009 $20 One Ounce Gold Ultra High Relief MS70 NGC 2009 $20 Ultra High Relief MS70 NGC Based on the extremely rare Judd-1917 pattern by Augustus Saint- The technically perfect yellow-gold surfaces show pronounced Gaudens, the 2009 Ultra High Relief twenty dollar bullion coins prooflike reflectivity throughout and the design elements are fully were struck on a 27 mm planchet with twice the thickness of a struck, having received two blows from the coin press at 65 metric normal U.S. double eagle. Each coin contains one ounce of .9999 tons of pressure. (PCGS 407404) fine gold. The issue was conceived by Mint Director Edmund Moy $1,250 - 1,350 and was enthusiastically received by collectors at the time of issue; this enthusiasm continues today. Struck at the West Point Mint, approximately 115,000 pieces were produced and collector-demand remains high today. (PCGS 407404) $1,250 - 1,350

123 123 2009 $20 Ultra High Relief MS70 NGC Perfectly preserved with partially reflective fields and ultra high relief 120 throughout. A remarkable piece of numismatic art. (PCGS 407404) $1,250 - 1,350 120 2009 $20 Ultra High Relief MS70 NGC Perfectly preserved and seemingly without any defects of any kind. A truly beautiful example. (PCGS 407404) $1,250 - 1,350

121 121 124 2009 $20 Ultra High Relief MS70 NGC The 2009 Ultra High Relief $20 gold piece offers collectors the 124 opportunity to own Augustus Saint-Gaudens’ original double eagle 2013-W Buffalo $50, 100th Anniversary, Reverse design from 1907 in its intended sharpness and relief. This coin is Proof 69 NGC perfectly preserved and semi-prooflike with bright yellow-gold color. 1938-D Buffalo 5C MS66 PCGS; 2001-P Buffalo $1 Proof 69 Deep (PCGS 407404) Cameo PCGS. A beautiful 3 coin set representing the Buffalo in $1,250 - 1,350 American numismatics. $1,300 - 1,400

34 | BONHAMS 128 128 2015-W $10 Jacqueline Kennedy 1/2 Ounce Gold, Proof 70 Deep Cameo PCGS First Strike. A perfect, highly contrasting example as fresh as the day it was coined. Struck in .9999 fine gold. (PCGS 542711) $600 - 700 125 125 2013-W Buffalo $50, 100th Anniversary, Reverse Proof 69 NGC 1938-D Buffalo 5C MS66 PCGS; 2001-P Buffalo $1 Proof 69 Deep Cameo PCGS. A beautiful 3 coin set representing the Buffalo in American numismatics. $1,300 - 1,400

129 129 2015-W $10 Jacqueline Kennedy 1/2 Ounce Gold, Proof 70 Deep Cameo PCGS First Strike. A perfect, highly contrasting example as fresh as the day it was coined. Struck in .9999 fine gold. (PCGS 542711) $600 - 700

126 126 2013-W Buffalo $50, 100th Anniversary, Reverse Proof 69 NGC 1938-D Buffalo 5C MS66 PCGS; 2001-P Buffalo $1 Proof 69 Deep Cameo PCGS. A beautiful 3 coin set representing the Buffalo in 130 American numismatics. 130 $1,300 - 1,400 2015-W $100 High Relief 1 Ounce Gold, MS70 PCGS First Strike. This is the first issue from the U.S. Mint to bear the $100 127 denomination. A fully detailed First Strike example that offers perfect 2013 $5 1/10 Ounce American Gold Eagles (10) yellow-gold surfaces and vibrant mint luster throughout. Struck in All appear “as issued” and are fully brilliant. (PCGS 516489) .9999 fine gold with terrific eye appeal. (PCGS 545532) $1,200 - 1,300 $1,250 - 1,400

COINS AND BANKNOTES | 35 131 134 131 134 2015-W $100 High Relief 1 Ounce Gold, MS70 PCGS 2017-W $100 225th Anniversary US Mint, First Strike, First Strike. A fully detailed First Strike example that offers perfect One Ounce Gold Eagle, Proof 70 Ultra Cameo NGC yellow-gold surfaces and vibrant mint luster throughout. A beautiful A beautifully executed example, perfectly preserved. example of a highly appealing gold coin. (PCGS 545532) $1,250 - 1,350 $1,250 - 1,400

132 132 2015-W High Relief $100, MS70 First Day PCGS. 2015 $50 Gold American Eagle MS70 NGC; and a 2016-W $50 One Ounce Gold Buffalo, Tenth Anniversary, First Day of Issue Denver, Proof 70 First Day Ultra Cameo NGC. Total: 3 coins. $3,800 - 4,500

135 135 World Trade Center Ground Zero Recovery Coins (12). Included are South Africa Gold 1 ounce Krugerrands (10); and U.S. $50 gold eagles (2). All are certified by PCGS. Total: 12 gold coins. Brilliant to Gem Uncirculated $12,000 - 14,000

133 133 2015 $25 1/2 Ounce Gold American Eagle An uncertified but essentially perfect example for the gold bullion collector. (PCGS 535979) Brilliant Uncirculated $320 - 350

36 | BONHAMS 136 136 Assorted U.S. Gold Eagle Lot. Included are: 1986 4 coin set, BU; 1/10 ounce gold eagles (5); and a 1/4 ounce gold eagle. Total: 10 coins. Uncirculated $3,000 - 3,500

138 138 1986 American Eagle $50 One Ounce Proof Gold Coins (13) Together with 1987 American Eagle $50 One Ounce Proof Gold Coin. All are housed in their original boxes of issue. Total: 13 coins. $15,500 - 16,500

137 137 Lot. Included are: 1/10 ounce (4); 1/4 ounce (3); 1/2 ounce (3); and 1 ounce (3). All are dated 2000 and 2001. Sold as a lot, not subject to return. Total: 13 coins. Brilliant to Gem Uncirculated. $6,500 - 7,000

COINS AND BANKNOTES | 37 139

38 | BONHAMS 139 American Eagle Gold 4 Coin Proof Sets, 1988-2004. The following dates are included: 1988; 1989; 1991; 1992; 1993; 1994; 1995; 1996; 1997; 1998; 1999 (2); 2000; 2001; 2002; and 2004. Each individual set contains a Proof 1 ounce; 1/2 ounce; 1/4 ounce; and 1/10 ounce gold coin. All sets are housed in their original boxes of issue. Total: 16 sets. $35,000 - 38,000

139

COINS AND BANKNOTES | 39 142 142 1997 4 Piece Platinum Eagle Proof Set with Original Case of Issue All coins are bright and pristine as issued. $1,800 - 2,000

140 140 American Eagle 5 Piece Gold and Silver Sets (13) Dates present are: 1986; 1988; 1889; 1990; 1991; 1992; 1993; 1994; 1996; 1997; 1998; 2002; and 2003. All coins appear “as issued’.” A personal examination is recommended. Total: 13 sets. About Uncirculated to Brilliant Uncirculated $25,000 - 28,000

143 143 1999 U.S. 4 Piece Platinum Eagle Proof Set. All are deeply contrasting as made. Coins only, the original case is 141 missing. 141 Gem Proof 1997-W $100 1 Ounce Platinum Eagle Proof 70 Ultra $1,800 - 2,000 Cameo NGC Remarkable contrasting devices against “black” reflective fields. A perfect example of this popular platinum . (PCGS 9751) $800 - 900

40 | BONHAMS 147 147 Australia, 2000 5 Piece Gold Nugget Proof Set 144 Contains 1 ounce; 1/2 ounce; 1/4 ounce, 1/10 ounce; and 1/20 ounce coins, no case of issue. Also, the identification tag indicating 144 only 600 sets were made is included. 2005-W Platinum $100; 2005-W Platinum $50; 2005-W $2,000 - 2,200 Platinum $25; and 2005-W Platinum $10, Proof 70 Ultra Cameo NGC. A 2005 4 coin platinum Proof set. All coins are perfect and unimprovable in quality. $1,500 - 1,700

145 148 145 148 Australia, 1988 Platinum Koalas (6) Australia, 2000 Sydney Olympics, 100 Dollars (7) Lot includes: 1 ounce; 1/2 ounce (3); 1/4 ounce; 1/10 ounce. All are Together with Korea, 1988 25,000 Won, and Singapore 100 Sinogold. perfectly preserved Gem Proofs made in a reverse contrasting finish All are well preserved and worthy of a high grade collection. Brilliant (brilliant devices; matte fields). Uncirculated / Brilliant Proof $3,400 - 3,800 $4,500 - 5,000

146 Australia, 1989 5 Piece Gold Nugget Proof Set Contains 1 ounce; 1/2 ounce; 1/4 ounce, 1/10 ounce; and 1/20 ounce coins. All are carefully preserved and are housed in their original case of issue. $2,000 - 2,200

COINS AND BANKNOTES | 41 149 151 149 Bermuda, Tall Ships in Gold & Silver 151 Includes: $1, $15; France, 1999 Gold 1 ounce Europa; and 1 ounce , 1988 Bicentennial of Australia 1/2 Ounce silver Europa. An interesting mix of Proof gold and silver coins. Worthy Gold Crown, Pobjoy Mint (4) of a personal examination. Each is struck in a contrasting brilliant and matte Proof finish. A $2,200 - 2,500 beautiful set of 1/2 ounce gold coins featuring various animals. $2,500 - 2,800

152 Canada, 1989 4 Piece Gold Maple Leaf Set Includes: 1 ounce; 1/2 ounce; 1/4 ounce; and 1/10 ounce coins. All are housed in the original mint box of issue. Gem Proof $1,800 - 2,000

150 150 Isle of Man, 1986 1 Ounce Platinum KM-154, Mintage 3,000 pieces. A bust of Queen Elizabeth II faces right on the obverse, the obverse legends are separated by four triskeles. The reverse depicts a Viking ship under full sail with a single triskele above and two seagulls on each side. Brilliant and well 153 preserved. $800 - 900 153 Canada, 2016 Gold $50 1 Ounce Maple Leaf MS69 NGC Virtually as issued. $1,200 - 1,400

154 France, Republic, Lafayette 4 Piece 100 Francs Set. Paris mint. Original packaging is missing. Each coin is denominated as 100 Francs with a portrait of Lafayette. Metal weight is as follows per coin: Gold .5028 Oz. AGW; Silver .4581 Oz. ASW; Platinum .6430 Oz. APW; and Palladium .4919 Oz APW. $800 - 900

42 | BONHAMS 157 157 Great Britain, 1988 Britannia 5 Piece Prestige Set Set includes 1 ounce silver; 1 ounce gold, 1/2 ounce gold; 1/4 ounce gold; and 1/10 ounce gold coins. Are all well preserved Gem contrasting Proofs. $2,200 - 2,500

155 155 Great Britain, Sovereigns of George V and Edward VII (10). Dates include: 1902-S; 1905-S; 1908 (2); 1913; 1914; 1917-S; 1925- SA; 1928-SA; and 1931-SA. A typical appearance is noted on each coin. None appear to have been damaged or cleaned. Extremely Fine to Uncirculated $2,600 - 3,000

156 158 Great Britain, 1987, 1986, 3 Piece Gold Proof Sets, and 1987 Britannia 4 Piece Gold Proof Set. 158 All are housed in their original boxes of issue. Equatorial , 2017 Gold 5000 Francs (1 Ounce) Gem Brilliant Proof Proof 70 NGC $6,000 - 7,000 Coin features the likeness of Donald Trump on the obverse, an elephant on the reverse. A perfectly preserved example. $1,200 - 1,400

COINS AND BANKNOTES | 43 159 159 Mexico, Republic, Gold 8 Escudos (3). Included are: Guanajuato, 1850Go-PF; Mexico City, 1856Go-GF; and a Guanajuato, 1867/57Go-YF. All are notably worn from circulation, but none are damaged or cleaned. Total: 3 coins. Very Fine $2,000 - 2,200

161 161 South Africa, 2000 Natura Gold Proof Set, 8 Coins Set includes 2 of each: 1 ounce; 1/2 ounce; 1/4 ounce; and 1/10 ounce gold coins. All are remarkably well preserved and appear “as issued.” An especially beautiful set for the collector of animals on coins. Gem Proof, Ultra Cameo $4,500 - 4,800

160 160 Nepal, Birendra Bir Bikram, 1988 Snow Leopard 4 Piece Gold Proof Set. Includes: 1 ounce, 1/2 ounce; 1/4 ounce, and 1/10 ounce gold coins. All are beautifully made with rich, contrasting finishes. $2,000 - 2,200

162 162 Spain, Charles III, Gold 1/2 Escudo, 1773 M-PJ. KM-415.1. Struck at the Madrid Mint. A smooth, well centered example showing even wear and some minor mint-made adjustment marks at the center of the reverse. Fine $80 - 100

44 | BONHAMS 163 163 Switzerland, 1 Ounce Platinum 1986 William Tell Shooting Thaler Medal No case of issue is included. Deeply mirrored fields contrast nicely to the frosted raised devices. Gem Proof $800 - 900

164 164 Pobjoy Mint, Peanuts 50th Anniversary Gold Coins (3) Includes: 1/5, 1/10, and 1/25 ounce, all dated 2000. All present deeply frosted devices and “black” mirrored fields. Gem Proof $380 - 450

165

165 Canada Silver Dollar Set, 1935-1962 and 1963-1989. Set is MISSING 1947 and 1955. Housed in two white Capital plastic holders. Most are brilliant, some are lightly toned. Sold as a lot, not subject to return. Approximately 74 coins total. About Uncirculated / Brilliant Uncirculated $1,000 - 1,200

COINS AND BANKNOTES | 45 166 166 Royal Canadian Mint, Gold 100 Dollars (10) Each coin contains .25 ounces pure gold. Various designs and dates from 1980-1990; all are struck with highly contrasting finishes. Each is complete with the boxes of issue. Total: 10 coins. Gem Proof $2,800 - 3,200

168 168 South Africa Krugerrands, Mixed Dates Included are: 1 ounce (8); and 1/4 ounce (14). All are bright and lustrous as issued. Total: 22 coins. Gem Uncirculated $13,000 - 14,000

167 167 Singapore, 1984 4 Piece Gold Proof Sets (8) Each set contains 1 ounce to 1/10 ounce coins, each with dragon, phoenix, qilin, and carp designs. Total: 8 sets. Choice Proof / Gem Proof $15,000 - 18,000

46 | BONHAMS 169 169 Miscellaneous World and U.S. Gold (8). Lot includes: Mexico 2 1/2 Pesos (3); Canada gold 1 ounce Maple Leaf; Australia, 100 Dollars 2000, Proof (2); U.S. Helen Hayes (American Arts Series) gold 1 ounce; and Cayman Islands, 100 Dollars 1975. Total: 8 coins. Brilliant to Gem Uncirculated $3,800 - 4,500

170

170 Miscellaneous World and Venezuelan Silver Coins Including, South Korea, Silver Proof Seoul Olympic 5000 Won (6); Proof Seoul Olympic 10,000 Won (6); USA, 1986 2 Piece Proof Statue of Liberty 50C and Silver Dollar; 1982 George Washington Silver Proof Coin; 1986 Proof Silver Eagle; Venezuela, 1981 Andres Bello Silver 100 Bolivares; 1986 Vargas 100 Bolivares; Canada, 1966 Canoe and 1967 Flying Goose Silver Dollars; Spain, Gold 24K Postage Stamp ingots, Franco 12 Centavos Cerrados 1852; Correos 4 Cuartos. Together with Partial Rolls of Circulated Venezuelan Bolivares including .25 Bolivares (over 100); .50 Bolivares (app. 18); 1 Bolivares both design types (more than 140); 2 Bolivares (app. 50). Sold as a lot, not subject to return. Poor to Uncirculated $800 - 1,000

COINS AND BANKNOTES | 47 171 171 China, Gold 1000 Yuan (12 Ounces), 1986 KM136.1, mintage: 2,500 pieces. An attractively designed and massive gold issue containing 12 ounces of pure gold. Gem Brilliant Proof $14,500 - 15,500

172 172 China, 1988 3 Piece Gold Proof Set. Set includes: 1988 1 ounce; 1988 and 1990 1/4 ounce coins. All coins feature a richly contrasting brilliant against frosted appearance. $1,800 - 2,000

48 | BONHAMS 173 173 China, Gold 2000 Yuan (5 Ounces), 2011 Proof 70 Ultra Cameo NGC KM-1982, PAN-534A, mintage: 1,000 pieces. A stunning, flawless example that possesses bold, heavily frosted devices and fully mirrored fields. $5,800 - 6,500

174 174 China, 1 Ounce Gold Panda Medal, 2014, Poof 70 Ultra Cameo NGC Smithsonian Institution, National Zoo issue. $1,300 - 1,500

COINS AND BANKNOTES | 49 175 175 China, Gold 2,000 Yuan (5 Ounces), 2015 Proof 70 Ultra Cameo NGC KM-unlisted. 5 ounces of pure gold. A perfectly preserved example of this large format issue. $5,800 - 6,500

50 | BONHAMS 176 179 176 179 China, 1 Ounce Gold Bao Bao Panda Medal, 2015, China, Gold 2000 Yuan (5 Ounces), 2016 Proof 70 Ultra Proof 69 Ultra Cameo NGC Cameo NGC Smithsonian Institution, Bao Bao at National Zoo issue. KM- unlisted. 5 ounces of pure gold. A perfectly preserved example of $1,200 - 1,400 this large format issue. $6,000 - 6,500

177 180 177 China, Gold 500 Yuan (1 Ounce), 2015, Prestige Panda 180 First Strike MS70 PCGS China, Gold 1 Ounce High Relief Panda, Moon A nicely preserved example with contrasting surfaces as struck. Festival, Proof 70 Ultra Cameo NGC $1,200 - 1,400 Smiling pandas decorate the obverse of this attractive coin. $1,200 - 1,400

178 178 China, Gold 1/10 Ounce Panda, 2015, Bao Bao at National Zoo, Proof 69 Ultra Cameo NGC. Nearing perfection, an attractive piece. $120 - 150

COINS AND BANKNOTES | 51 181 181 China, 2017 Gold 1 Ounce Panda Moon Festival, Proof 70 Ultra Cameo NGC 183 and a China 2017 Silver 1 Ounce Moon Festival, Proof 70 Ultra Cameo First Strike NGC. Total: 2 coins. 183 $1,300 - 1,500 China, 2018 Gold Panda 5 Coin Set, MS70 NGC Included are: 500 Yuan (30 grams); 200 Yuan (15 grams); 100 Yuan (8 grams); 50 Yuan (3 grams); and 10 Yuan (1 gram). All coins are perfect as issued. $2,200 - 2,500

182 182 China, 2017 5 Piece Gold Panda Set, First Day of Issue, MS70 NGC 184 Set includes: 500 Yuan (30 Grams); 200 Yuan (15 Grams); 100 Yuan (8 Grams); 50 Yuan (3 Grams); and 10 Yuan (1 Gram). Although labeled 184 as MS, these appear to be similar to two-toned Proofs. China, 2010 5 Piece Gold Panda Prestige Set, MS70 $2,200 - 2,500 PCGS Included are: 500 Yuan; 200 Yuan; 100 Yuan; 50 Yuan; and 20 Yuan. Although graded MS70 by PCGS, all coins present a wonderfully contrasting finish as if Proofs. All are listed as First Strikes. This set is complete with its original box and papers of issue. $2,200 - 2,500

52 | BONHAMS 185 186

185 186 China, 2012 5 Piece Gold Panda Prestige Set, MS70 China, 2016 5 Piece Gold Panda Prestige Set, MS70 NGC PCGS Included are: 500 Yuan; 200 Yuan; 100 Yuan; 50 Yuan; and 20 Yuan. Included are: 500 Yuan; 200 Yuan; 100 Yuan; 50 Yuan; and 20 Yuan. Although graded MS70 by NGC, all coins present a wonderfully Although graded MS70 by PCGS, all coins present a wonderfully contrasting finish as if Proofs. All are listed as First Releases. This set contrasting finish as if Proofs. All are listed as First Strikes. This set is is complete with its original box and papers of issue. complete with its original box and papers of issue. $2,200 - 2,500 $2,200 - 2,500 187 China, 1980 and 1990 3 Piece Platinum Panda Proof Sets Sets total 1.7 ounces pure platinum. $1,100 - 1,300

188 China, 1 Ounce Gold Pandas 1982; 1983; 1984; 1985; 1986 (3); 1986 1/2 ounce; 1987; 1991; 2000 1/2 ounce; Sino-American 1 ounce gold medals (3); and 1990 Bi-Metallic 1/2 ounce gold and silver Pandas (2). Total: approximately 14 ounces gold. Uncirculated $15,500 - 16,500

COINS AND BANKNOTES | 53 189 China, 5 Piece Panda Gold Proof Sets, 1986-2013. Lot includes: 1988 with box of issue; 1988, 1993, 1993 Bimetallic set; 1994; 1995; 1996; 1997; 1998; 1999; 2000; 2001; 2002; 2003 (2 sets); 2004; 2005; 2006; 2007; 2008; 2009; 2010; 2011; 2012; and 2013. Most are in Capital Plastics holders. A scarce and desirable offering, an instant collection for the advanced collector of modern Chinese coinage. Please note that the 1998 Set has only 3 coins, lacking the 1/4 and 1/20 oz. denominations. Sold as a lot and not subject to return. 25 sets with a total of 123 coins. Gem Brilliant Proof $55,000 - 65,000

54 | BONHAMS 189

COINS AND BANKNOTES | 55 Clark Gruber & Company

A decade or so after the California Gold Rush began in the late The mint, thus established, continued in active operation for two 1840s, gold was discovered on the South Platte River, near the and a half years, in which time about $3,000,000 worth of coins future city of Denver. As with the earlier gold strike in California, had been struck. To accommodate large producers they coined occasional disputes over the value and purity of the gold dust their dust for them at a maximum charge of five per cent, but this occurred, as well as great difficulties in getting the was soon discontinued. Having abundant funds at command, to Philadelphia to be coined there, and shipped back again to the they carried on an extensive business, buying gold one day mid-west. and coining it the next, where the money went into immediate circulation. In 1860, an agency was established in Central The following history was written by John Jay Knox, author of City, one of the larger centers of mining, where the dust was the Coinage Act of 1873, official of the Treasury Department and purchased as it came from the sluices and mills, payment being comptroller of the currency for many years, and an accomplished made in coin, checks, currency, or drafts, as the seller might numismatist. Certain information will probably be new to present elect. For the further convenience to the public, they issued from readers (lightly edited): well engraved steel plates, five dollar notes redeemable in Clark & Gruber’s coins at their banking house in Denver. Clark, Gruber & Co. organized the first, most extensive and useful of all the institutions classed as banks in the period In 1862 Mr. Austin M. Clark went to Washington and laid the 1859-1865. Their establishment sprang from a house instituted whole matter before Hon. Salmon P. Chase, Secretary of the in Leavenworth, Kansas in 1858 by Milton E. and Austin M. Treasury, giving him a full and candid statement of what his firm Clark and E.H. Gruber. In 1859 they purchased considerable had been doing in Denver, and presented him specimens of all quantities of gold mined from the Rocky Mountains. They were the coins issued. Mr. Chase referred the matter to the Attorney- paying five per cent expressage on the dust brought in, and General, who rendered an opinion in substance that no existing equal cost on the coin and currency returned, in addition to the law had been violated. Without going into details, the government expense of armed messengers or guards each way. To avoid this finally purchased the building and grounds from Clark, Gruber burdensome expense, they finally conceived the idea of planting & Co. in Denver, and Secretary Chase drafted a bill for the coining machinery in Denver and making their own coins. establishment of a United States coinage mint there but, owing to the influence of the Pacific Coast representatives in Congress, After investigating the laws on the subject and finding no the bill passed locating the branch mint at Carson City, Nevada, absolute prohibition, M.E. Clark proceeded to Boston, purchased instead of in Denver, the building (in Denver) designed for that the requisite machinery and shipped it to Denver, where it arrived purpose being converted into an assay office and depository of in March 1860. A two-story brick building was erected in a central gold purchased on behalf of the United States. In 1906, however, part of the town, the machinery placed, and the minting of crude the Government finally established a mint at Denver which is dust into bright, attractive coins began July 20, 1860. The first remains in operation today. struck were ten and twenty dollar pieces, bearing on the face a crude representation of Pike’s Peak, and on the reverse the firm name of Clark, Gruber & Co. No alloy was used. They passed into general circulation at par, but soon began to show abrasions from constant use; therefore, in 1861, the firm ordered a complete set of new dies for denominations of $2.50, $5, $10 and $20 that were close facsimiles of United States coins of like denominations, the only difference being that upon the Cap of Liberty on the face they inserted the words PIKES PEAK, and on the reverse, instead of “The United States of America,” they substituted the name of their firm. These coins bore the same percentage of alloy and were of the same color as those issued by the government mints, but contained one per cent. more gold for the express purpose of protecting the holders against loss, the additional weight covering the cost of transportation to Philadelphia for recoining. These issues passed current throughout the mining region, and all bankers of the East to whom they were known paid a premium for them.

56 | BONHAMS COINS AND BANKNOTES | 57 58 | BONHAMS 190

190 1860 Clark Gruber & Co. $2.5. AU58 PCGS K-1, R.4. Of all the Clark, Gruber gold coinage, the $2.50 and $5 pieces of 1860 are the most plentiful and are frequently chosen for type collecting. This is a high grade example that was softly struck on a green-gold planchet. Over the years, a light, intermittent amount of reddish patina has gathered on each side. The central obverse and reverse are weakly defined as usual, almost as the minters were using low striking pressure in an effort to lengthen die life. Still, excellent detailing remains at the outer portions.

Clark, Gruber & Co., Leavenworth, Kansas bankers, formed a branch of their establishment in Denver after gold was discovered in the region in the 1850s. Clark, Gruber became the largest mint in the Territory. Its operation would subsequently form the basis for the Denver (Federal) Mint. Population: 14 in AU58, 31 finer. (PCGS 10135) $5,500 - 6,500

COINS AND BANKNOTES | 59 191 192 191 192 1860 Clark Gruber & Co. $5. Genuine, Cleaned PCGS 1860 Clark Gruber & Co. $5. Genuine, Rim Damage, K-2, R.4. A nice strike with greenish-gold color overall. Hints of Cleaned PCGS. reddish patina are seen at the top portions of each side. A most K-2, R.4. Attractive straw-golden color blankets both sides of this attractive example and quite choice although evidence shows a light significantly worn Pike’s Peak example. A diagonal die break is cleaning at one time as indicated by PCGS. The devices are quite noted from below star 7 to the rim at the top of the obverse. A small sharp in all areas, save for obvious highpoint wear, which Territorial diagonal scratch is seen above the 1 and 8 of the date, otherwise, the collectors will spot at once as above-average. A few minor handling significant lack of detail is largely confined to the centers, where the marks are present; however, these hardly detract from the coin’s bright coin is characteristically soft in strike (for the issue). Ex: Walter Breen surfaces. Auction, (6/1975), lot 811. (PCGS 10136) Fine to Very Fine $1,200 - 1,500 Clark, Gruber and Company was a prolific issuer of private gold coins during the opening of the West. The placer gold deposits along the rivers and streams of the region supplied much of the material that went into Gruber’s coinage, though the placer deposits rapidly played out. But miners soon discovered far more valuable seams of hard rock gold, silver, and other minerals in the nearby mountains. The Provisional Government of the Territory of Jefferson (now known as Colorado) was organized on October 24, 1859, but the new territory failed to secure federal sanction. The election of Abraham Lincoln for U.S. President in November 1860, led to the secession of six slave states and the threat of Civil War. Seeking to augment the political power of the free states, the Republican-led U.S. Congress hurriedly admitted the eastern portion of the Territory of Kansas to the Union as the free State of Kansas on January 1861, leaving the western portion 193 of the territory, and its gold fields, unorganized. Thirty days later on 193 in February 1861, outgoing U.S. President James Buchanan signed 1860 Clark Gruber & Co. $10, MS60 NGC an act of Congress organizing the free Territory of Colorado. (PCGS K-3, R.5. Among all territorial and private gold coins, an 1860 Clark, 10136) Gruber & Company issue is one of the most interesting to own. Dave Extremely Fine Bowers’ book, More Adventures with Rare Coins, devoted a chapter $4,500 - 5,500 to this specific issue. The 1860 $10 is the epitome of the Clark, Gruber series, the signature variety with a greatly exaggerated design of Pikes Peak on the obverse. Although $20 coins were made of the same design and are very rare, it is the $10 that is better recorded in history. The present piece shows an especially sharp strike, minimal marks, no planchet problems, and no edge bruises. The surfaces have toned a rich cherry-red color in a somewhat mottled fashion lending to this coin’s originality. The rare and popular “Pike’s Peak” ten dollar has been a favorite of gold collectors for decades. This true Mint State example is about as nice as one is ever likely to encounter. (PCGS 10137) $22,000 - 25,000

60 | BONHAMS 194 195 194 195 1860 Clark Gruber & Co. $10. AU53 PCGS 1860 Clark Gruber & Co. $10. Genuine, Altered K-3, R.5. A famous and ever-popular Pioneer gold coin featuring Surfaces PCGS Pike’s Peak, which is quite distinctive among the various designs K-3, R.5. Moderate reddish-golden color is seen on each side of this employed by the Gold Rush-era minters, many of which simply made noticeably abraded example. The term “Altered Surfaces” chosen by an effort to mimic the familiar federal types. The reverse resembles PCGS probably refers to the rather harsh cleaning this piece endured the Federal design, however, the obverse dramatically differs through in the past. Sharp detailing remains overall, including all letters on a volcanic-like representation of Pike’s Peak, designed by an East the obverse, Pike’s Peak, and DENVER below. The reverse is also coast engraver obviously without access to a picture or drawing of well detailed, especially at the periphery, the center was a little softly the mountain. The present deep green-gold example is moderately defined, and noticeably worn from years in circulation. You will want to toned with brick-red hues, and is slightly circulated overall. Marks stare at the fanciful “peak” on the obverse discovered by Lt. Zebulon are inconsequential except for a tiny divot in the field below the E of Pike on his journey of discovery in 1806. DENVER and a couple of milling marks on either side of the eagle’s head. Otherwise, the planchet is smooth and the edges are high and Gold was discovered in central Colorado in the fall of 1858 and by virtually not “dinged.” Listed on page 410 of the 2019 Guide Book. early 1859, word of the discovery began to spread East, West, North, (PCGS 10137) and South, thus the gold rush to Colorado began. To further spark $17,000 - 20,000 the public’s interest, unbelievable fabrications began to appear in print. On September 18, 1858, the Wyandotte Gazette published a “reliable” account concerning $10,000 in gold dust which had come in from Pike’s Peak: “One man brought in $600.00 as the result of a few weeks work. A small boy had $1,000 which he says ‘he dug down and found,’ and the little fellow says ‘he can get all he wants.’” This undocumented account was reprinted in the Missouri Democrat on September 24, and followed the next day by the report of a merchant from St. Joseph, who had come to St. Louis to buy a supply of bacon for the Pike’s Peak trip. This and thousands of other newspaper accounts acted like a magnet to draw hopeful gold seekers to the region. This $10 gold coin is an all-too-solid reminder of those half- forgotten days. (PCGS 10137) Very Fine $5,000 - 7,000

COINS AND BANKNOTES | 61 196

196 1860 Clark Gruber & Co. $20. Genuine, Tooled, Repaired & Cleaned PCGS. K-4, High R.6. Light green-golden color on this rare Territorial gold piece with uniformly bold definition on the major design elements. Peripheral lettering is sharp as is the word DENVER on the obverse and the date, 1860 on the reverse. Unfortunately, the fields have been tooled and smoothed in an attempt to remove some marks on each side, and the surfaces were subsequently cleaned. Each side now presents a somewhat muted finish with considerable evidence of smoothing to help explain the stated qualifiers; several small marks in the upper left obverse field and are also mentioned for accuracy.

It has been well said that the history of the beginning of commerce in Colorado Territory is the history of the firm, Clark, Gruber & Co. Its partners were Austin M. Clark, his brother Milton Edward Clark, and Emanuel H. Gruber. According to Breen from his extensive researches, “In December 1859, Milton Clark traveled to Philadelphia to buy dies and presses, and to New York to buy other minting equipment; on Jan. 18, 1860, the firm bought three lots in Denver City on which they built their mint; and on March 30, one L. L. Todd arrived to help set up the “Assay and Coinage Office.” This was a two-story brick building on the corner of McGaa and G Sts. (the present 16th and Market Streets). Trial strikings of the four denominations ($2.50, $5, $10, and $20) were ready on July 11, one day after the building actually opened, and on July 20 the firm invited local VIPs and newspaper people in to witness the first coinage of $10s, about 100 pieces (Rocky Mountain News, 7/20/1860). Clark, Gruber & Co. began advertising in the same paper on Aug. 8, and in the Western Mountaineer on Aug. 9, specifying that “The native gold is coined as it is found alloyed with silver. The weight will be greater, but the value the same as the United States coin of like denominations. “

Coinage totaled some $120,000 between July and October 1860, continuing into the winter until heavy snows made further prospecting impractical, and resuming at the spring thaw. The firm discovered quickly that its issues of 1860 were too soft to wear well. Accordingly, its redesigned issues dated 1861 (coined through 1862) contained a little extra alloy in the interest of durability, but their gold content remained at 1% over the federal standard so that nobody could accuse the firm of debasement or other dishonesty. They were Colorado Territory’s exact counterpart of California’s Moffat & Co., even to a federal takeover for conversion into a branch mint. The phrase PIKES PEAK GOLD DENVER (on the obverse) has to do more with mint location than with bullion sources; though the whole area of Jefferson Colorado was also known as the “Pike’s Peak District.” (PCGS 10138) Very Fine to Extremely Fine $90,000 - 110,000

62 | BONHAMS 197 199 197 199 1861 Clark Gruber & Co. $2.5. Genuine, Graffiti, 1861 Clark Gruber & Co. $5. XF45 PCGS Cleaned PCGS K-6, R.4. Somewhat softly struck in the centers with appealing K-5a, R.7. The K-5a is the scarcer variety of the two 1861 quarter green-golden color. Even though noticeably circulated, the surfaces eagles coined by Clark Gruber & Co. according to the Kagin reference. still present a soft, satiny appearance. Several thin lateral scratches It is identified (under close examination) by the star above the P are noted near the center of the obverse which can be used as future in PIKES (star 7) being recut, and an extra high edge. Closer than pedigree identifiers. Certainly an attractive example of this elusive normal reeding on the edge is also reported, but not seen due to the Colorado Territorial issue. PCGS holder. This example was once cleaned long ago, and has now retoned to a pleasing, deep reddish-golden color overall. Typical The 1861 half eagle was struck in what was known as the Jefferson striking softness is reported at the centers on each side, otherwise Territory (Colorado) in very limited quantities. Experts estimate the the surfaces are well defined. Some minor graffiti is reported in the mintage at about 6,920 pieces, but as with other Pioneer gold coins, upper reverse field just under GRUBER & CO. A close inspection is most saw extensive circulation and many were melted and turned into recommended. Still, an attractive example of the not often seen 1861 federal gold coinage. (PCGS 10140) quarter eagle, the smallest of the Clark, Gruber denominations. (PCGS $5,000 - 7,000 10139) Extremely Fine $3,000 - 3,500

200

198 200 1861 Clark Gruber & Co. $5. Genuine, Tooled, Cleaned 198 PCGS 1861 Clark Gruber & Co. $2.5, Genuine, Ex: Jewelry, K-6, R.4. Bright green-gold surfaces show on both sides, most of the Cleaned & Polished PCGS peripheral devices are well defined, save for characteristic softness K-5, R.4. This scarce Territorial quarter eagle displays a pronounced of strike in the centers. This is the famous issue with Liberty’s tiara green-gold appearance despite having been encased as a jewelry proudly proclaiming PIKES PEAK. Hairlines here and there point to piece for many years. On the obverse, a lateral planchet imperfection a one-time light cleaning, and a couple of marks on Liberty’s neck extends from above Liberty’s eye, across her nose, to between stars and cheek are also noted. A more affordable example of this popular 4 and 5. This can easily be used as a pedigree identifier for future Colorado Gold Rush era gold type. (PCGS 10140) Extremely Fine researchers. The strike is well below average with pronounced central $2,500 - 2,800 softness on both sides, particularly the reverse. Although it was noticeably cleaned in the past, it still remains quite attractive and an affordable alternative for the collector on a budget. (PCGS 10139) Fine / Very Fine $1,500 - 1,800

COINS AND BANKNOTES | 63 201 203 201 203 1861 Clark Gruber & Co. $10. XF45 PCGS 1861 Clark Gruber & Co. $20. AU50 PCGS K-7, R.4. Lightly toned about selected peripheral areas, the fields K-8, High R.5. Clark, Gruber & Co. issued coins in the traditional gold display pronounced green-gold color with just a few scattered denominations of $2.50, $5.00, $10.00, and $20.00 from 1860 to hairlines here and there. As is usual of the Clark Gruber coins, the 1861. The design of the 1861 $10 and $20 coins was changed from centers exhibit minor striking softness, this not to be a deterrent to the that shown in 1860, and the new design is quite similar to that of overall beauty of this rare piece. Choice fields and surfaces abound the Federal issues, but the inscriptions on the reverse read CLARK, (a wonderful exception to the usual abraded condition of these) and GRUBER & CO DENVER, with the denomination at the bottom. These knowledgeable bidders will pay close attention to this well preserved coins always contained more than their face value in gold when struck, example. The firm of Clark, Gruber & Co., Leavenworth, Kansas but the alloy was soft, and the coins exhibited wear quickly. While the bankers, established a branch in Denver following discovery of gold coins were generally well executed, striking quality was obviously not deposits in the area in the mountains to the West. From that start, the a major concern. company would develop Colorado’s largest mint, an operation which later became the foundation for the U.S. Denver Mint. Partners were The 1861 Clark, Gruber & Co. twenty dollar coin was struck with a Austin M. Clark, Milton Edward Clark, and Emanuel Henry Gruber and reeded edge. This example shows the usual recutting of the date their $10 gold pieces were issued in 1860 and 1861. (PCGS 10141) and the N in TWENTY. The V in DENVER was recut over an errant N. $6,000 - 8,000 The present coin is an attractive example of this interesting design. The softness of the alloy has resulted in moderate, even wear on the design highpoints, typical of this issue. Much detail remains on the obverse central devices, and the PIKES PEAK inscription is fully legible, however, the reverse was softly impressed at the center. Rich green-gold color enhances the surfaces with a bit of natural brick-red patina so often seen on these coins. Abrasions are minimal for the grade. Presently, only 27 examples of the 1861 CG&Co. $20 have been certified by PCGS with NO Mint State examples thus far seen. This represents an important opportunity for the collector of Territorial gold as an offering of an 1861 Clark Gruber & Co. $20 is few and far between. PCGS Population: 6 in AU50, just 6 are finer, the finest a single AU58. (PCGS 10142) $60,000 - 70,000 202 202 1861 Clark Gruber & Co. $10. Genuine, Tooled, Cleaned PCGS K-7, R.4. In an effort to remove some marks or other distractions, the fields show evidence of tooling and smoothing; after which the surfaces were noticeably cleaned. Despite this, the coin still retains a soft, green-golden color. A few small contact and milling marks are reported mostly on the obverse. Typical striking softness is seen at the center areas of each side as striking quality was never an issue for the Pike’s Peak gold coins of Clark Gruber & Co. although the legend on Liberty’s coronet is completely readable. An important opportunity for the budget-minded collector of Territorial gold. (PCGS 10141) About Very Fine $1,500 - 1,800

64 | BONHAMS 204

204 1861 Clark Gruber & Co. $20. Genuine, Repaired, Cleaned & Polished PCGS K-8, High R.5. The 1861 Clark Gruber and Co. $10 and $20 coins were redesigned in 1861 and feature a design similar to that used on federal issue gold coins. The primary differences were the legend on the reverse which read CLARK GRUBER & CO DENVER, and the words PIKES PEAK on Liberty’s coronet. Reported offerings from the major auction companies of the 1861 CG $20 are scarce, if not rare. This example shows evidence of having been cleaned and lightly polished at one time, but the repair eludes us. Central striking softness is confined to the reverse side, and the legends and other details are clear and legible for the grade. No major marks or other impairments are seen that are worthy of singular mention. Despite the listed problems, still a very collectible example of this popular issue. We encourage a personal examination prior to bidding. (PCGS 10142) Very Fine $25,000 - 28,000

COINS AND BANKNOTES | 65 205 207

205 207 Fr. 2, 1861 $5 Fr. 222, 1891 $1 Silver Certificate Not terribly rare, with 128 examples known, but fully three-quarters This bright Martha is nestled neatly within four good margins and, of them grade 25 and lower with the average grade in the VG-Fine aside from a couple of creases, exhibits problem-free wear. area. This $5 has great color, typical margins for the type, and a very Extremely Fine, Creased nice overall appearance despite minor creasing. The hand-applied $280 - 320 signatures are both clear and clean. An overall lovely example of our original “Greenback.” Very Fine, Creased $2,200 - 2,500

208

208 206 Fr. 225, 1896 $1 Silver Certificate Broad margins frame this perfectly printed Educational “Ace.” Bright inks and paper make this ideal for an upper grade type collection. Very 206 Fine / Extremely Fine Fr. 116, 1901 $10 Legal Tender $220 - 250 A delightful mid-grade example of this more difficult signature combination for a Bison $10. This note displays even wear, some minor paper discoloration on the front, and a bright red overprint. Very Fine $480 - 550

66 | BONHAMS 209 211

209 211 Fr. 247, 1896 $2 Silver Certificate Fr. 281, 1899 $5 Silver Certificate Science Presenting Steam and Electricity to Commerce and This is the final signature combination for the $5 Chiefs that were Manufacture is seen on this nicely margined and colorful Educational current for over twenty years. This example has exceptionally bright “Deuce,” the second in the series. The face design was based on art inks and bright white paper. work by Edwin H. Blashfield and Thomas F. Morris; the former was Extremely Fine, Creased responsible for the figures, and the latter for the background and $750 - 850 frame. Charles Schlecht and G.F.C. Smillie were the engravers. The back features inventors Robert Fulton and Samuel F.B. Morse. The design earned the number 11 spot in the Whitman reference, 100 Greatest American Currency Notes. Extremely Fine, Creased $1,000 - 1,200

212

212 Fr. 282, 1923 $5 Silver Certificate A lovely and original 1923 “Porthole $5” that has all the originality, eye appeal, and appearance of a higher graded piece. 210 Very Fine / Extremely Fine $500 - 600 210 Fr. 268, 1896 $5 Silver Certificate An absolutely ideal Educational $5 for the budget-minded collector. It has broad margins, wonderful color, and the two or three light folds that caused the XF grade are all but invisible. Extremely Fine / About Uncirculated $2,500 - 3,500

COINS AND BANKNOTES | 67 214

214 Fr. 357, 1891 $2 Treasury Note The vignette of Major General James McPherson at the right side of the note is extremely sharply printed, helping to give this lovely Uncirculated example even more eye appeal. Bright inks throughout. Crisp Uncirculated $900 - 1,100

213

213 1890 (2); and 1891 $1 Treasury Notes The two 1890s feature the signatures of Rosecrans / Huston and a large brown seal (Fr. 347); the 1891 is signed by Bruce / Roberts with a small red seal (Fr. 352). A trio of well centered notes, each with bright paper and inks. Extremely Fine / About Uncirculated $800 - 1,000

68 | BONHAMS 216

216 1918 $2 Federal Reserve bank Notes, Cleveland and Chicago (2) With 1953 $2 Legal Tender Notes (4). The large size notes are AU/CU; the small size notes are Poor / Fair $1,000 - 1,200

215

215 1890 and 1891 $5 Treasury Notes (2) Included are: Fr. 361, 1890 $5, Small Red Seal; and a Fr. 363, 1891 $5, Small Red Seal. Both notes feature bright paper and excellent 217 centering, particularly the 1890. About Uncirculated to Crisp Uncirculated 217 $2,000 - 2,200 Fr. 380, Newark, OH, $1 1865, First Charter, First National Bank, Charter 858 The colors are as new, but the bottom margin is a bit close and there is some minor paper discoloration at the top. About Uncirculated / Crisp Uncirculated $900 - 1,100

COINS AND BANKNOTES | 69 218 219

218 219 Fr. 387, Saugerties, NY, $2 Original 1865, Saugerties Fr. 401, Springfield, MA, 1875 $5, Agawam National National Bank, Charter 1208 Bank, Charter 1055 Serial # A807989 / 374. The Lazy Deuce design is one of the most First Charters and Brown Backs only are from this bank, with this, one adored in currency. A vignette of Liberty with the Stars and Stripes at of only two 1875 $5s reported. This is a very nice piece, with bright Left is flanked by a large and finely engraved number 2 laying on its colors and good paper quality combining to provide excellent eye side. On back is Sir Walter Raleigh Presenting Corn and Tobacco to appeal, save for some minor creasing. the English by Louis Delnoce at center, with the New York state seal at Very Fine / Extremely Fine, Creased left and the Federal seal at right. An especially attractive survivor with $850 - 950 bright inks, and good paper quality. Very Fine, Creased $900 - 1,100

220

220 Fr. 476, Chicago, IL, 1882 $5 Corn Exchange National Bank, Charter (M)5106 From a large only Cook County institution that was liquidated in September 1924 after issuing only Second Charter notes. This is a pleasing example with even margins, bright paper and inks. Rare in this high grade. About Uncirculated / Crisp Uncirculated $1,200 - 1,500

70 | BONHAMS 221 223

221 Fr. 481, Baltimore, MD, 1882 $10, Brown Back, 223 Merchants National Bank, Charter (E)1336 Fr. 545, Fort Collins, CO, 1882 $10, Date Back, First This bank was organized by legendary Baltimore businessman and National Bank, Charter (W)2622 philanthropist Johns Hopkins, who signed notes as the institution’s A very pleasing Second Charter note from this northern Colorado first President. Unfortunately, despite a healthy issue of almost 29,000 bank that has good remaining color, and only minor creasing seen on sheets of Original Series notes, not a single example is known today. the back. Solid for the grade. Bright inks and paper, the signatures have faded somewhat. Fine / Very Fine, Creased About Uncirculated / Choice Uncirculated $800 - 1,000 $800 - 1,000

222

222 Fr. 530, Louisville, KY, 1882 $100 Brown Back, Louisville National Banking Co, Charter (S)5161 A scarce type and denomination from any state, with the census revealing only 25 examples from all Kentucky banks, combined. Nice color and signatures for the grade with minor fading on the back. Fine / Very Fine, Creased $4,000 - 5,000

COINS AND BANKNOTES | 71 225

225 Fr. 558, New Brighton, PA, 1882 $50, Date Back, Union National Bank, Charter (E)4549 This is a rare and undervalued type, as just a few over 200 specimens are known from all banks in all states combined. Pen signed, although the signatures are quite weak. Well worn with a few creases visible. Fine, Creased $2,200 - 2,500

224

224 1928/1929 $10 National Currency Notes (4) Including: Denver (3) and Kent, OH; together with 1928 $10 Gold Note. Personal examination is recommended for this lot. Very Good / Crisp Uncirculated $280 - 320

72 | BONHAMS 227

227 Fr. 587, New York, NY, 1902 $5 Phenix National Bank, Charter (E)1374. A nicely centered Red Seal with great color and eye appeal. It is one of a small group from this bank that turned up in New York’s mid-Hudson Valley about 40 years ago. About Uncirculated / Crisp Uncirculated $600 - 800

226

226 1902 $50 National Bank Notes, Date Back (4) Lot includes: FNB Canton, IL., Charter 415; FNB of Boulder, CO., Charter (W)2352; FNB of Pontiac, IL., Charter 2141; and Crocker NB of San Francisco, Charter 1741. An interesting group of this elusive higher denomination note. Fine / Very Fine - the Pontiac note has small pinholes $2,000 - 2,400

228

228 Fr. 689, Lancaster, OH, 1902 $100 Date Back, Fairfield National Bank, Charter (M)7517 Only 16 Large Size notes are reported on the Kelly census, including this low numbered $100. This example has crackling fresh paper that is fully original with deep embossing, and possesses bold stamped signatures that give it outstanding eye appeal. Four generous margins surround each side of this carefully preserved example. Expect this outstanding type representative to see bidding reach or exceed our conservative estimate. Crisp Uncirculated $4,000 - 5,000

COINS AND BANKNOTES | 73 229

229 Fr. 1091, 1914 $100 Federal Reserve Note The White-Mellon New York $100 Blue Seal is scarcer than the other three signature combinations seen. Exceedingly common $100 Blue Seals are now selling in the $3,000 range and we would not be surprised to see this piece reach or exceed our estimate. Crisp Uncirculated $1,500 - 1,800

230

230 1914 $10 FRN, Kansas City; 1922 $50 The $10 is AU/CU, the gold certificate is VF $450 - 550

74 | BONHAMS

231

231 Small Size FRN, Legal Tender, and National Currency Notes Included are: 1957 $1 Silver Certificates (3); 1928 $5 Legal Tender notes with red seal (10); 1929 FRN, various banks (6); and a 1934 $50 FRN. Poor / Very Fine $180 - 220

END OF SALE

COINS AND BANKNOTES | 75 CONDITIONS OF SALE – COINS AND BANKNOTES CONDITIONS OF SALE – COINS AND BANKNOTES (CONTINUED)

The following Conditions of Sale, as amended by any published or of the principal) may be jointly and severally liable with the principal reserve by bidding on behalf of the consignor, whether by opening posted notices or verbal announcements during the sale, constitute under any contract resulting from the acceptance of a bid. bidding or continuing bidding in response to other bidders until (b) If mediation does not resolve all disputes between the parties, or the entire terms and conditions on which property listed in the reaching the reserve. If we have an interest in an offered lot and the in any event no longer than 60 days after receipt of the written notice catalog shall be offered for sale or sold by Bonhams & Butterfields Unless otherwise agreed, payment in good funds is due and payable proceeds therefrom other than our commissions, we may bid therefor of dispute referred to above, the parties shall submit the dispute for Auctioneers Corp. and any consignor of such property for whom we within five (5) business days following the auction sale. Whenever the to protect such interest. CONSIGNORS ARE NOT ALLOWED TO BID binding arbitration before a single neutral arbitrator. Such arbitrator act as agent. If live online bidding is available for the subject auction, purchaser pays only a part of the total purchase price for one or more ON THEIR OWN ITEMS. shall be a retired judge or an attorney familiar with commercial law additional terms and conditions of sale relating to online bidding lots purchased, we may apply such payments, in our sole discretion, and trained in or qualified by experience in handling arbitrations. Such will apply; see www.bonhams.com/WebTerms for the supplemental to the lot or lots we choose. Payment will not be deemed made in full 8. All statements contained in the catalog or in any bill of sale, arbitrator shall make all appropriate disclosures required by law. The terms. As used herein, “Bonhams,” “we” and “us” refer to Bonhams & until we have collected good funds for all amounts due. condition report, invoice or elsewhere as to authorship, period, arbitrator shall be drawn from a panel of a national arbitration service Butterfields Auctioneers Corp. culture, source, origin, measurement, quality, rarity, provenance, agreed to by the parties, and shall be selected as follows: (i) If the Payment for purchases may be made in or by (a) cash, (b) cashier’s importance, exhibition and literature of historical relevance, or physical national arbitration service has specific rules or procedures, those rules 1. SPECIAL TERMS AND CONDITIONS RELATING TO COINS check or money order, (c) personal check with approved credit drawn condition ARE QUALIFIED STATEMENTS OF OPINION AND NOT or procedures shall be followed; (ii) If the national arbitration service AND BANKNOTES: on a U.S. bank, (d) wire transfer or other immediate bank transfer, or REPRESENTATIONS OR WARRANTIES. No employee or agent does not have rules or procedures for the selection of an arbitrator, the (e) Visa, MasterCard, American Express or Discover credit, charge or of Bonhams is authorized to make on our behalf or on that of the arbitrator shall be an individual jointly agreed to by the parties. If the a. Bonhams has utilized adjectival, descriptive grading to describe debit card. A processing fee will be assessed on any returned checks. consignor any representation or warranty, oral or written, with respect parties cannot agree on a national arbitration service, the arbitration the conditions of coins and banknotes in the catalog rather than Please note that the amount of cash notes and cash equivalents that to any property. shall be conducted by the American Arbitration Association, and the Sheldon numerical scale. Grading is subjective and open to can be accepted from a given purchaser may be limited. the arbitrator shall be selected in accordance with the Rules of the interpretation. Prospective bidders are encouraged to make their own 9. All purchased property shall be removed from the premises at American Arbitration Association. The arbitrator’s award shall be in examination of the numismatic lots offered and not rely on any other The purchaser grants us a security interest in the property, and which the sale is conducted by the date(s) and time(s) set forth in writing and shall set forth findings of fact and legal conclusions. party’s opinion as to grade or other attributes, as opinions differ and we may retain as collateral security for the purchaser’s obligations the “Buyer’s Guide” portion of the catalog. If not so removed, daily grading standards change over time. to us, any property and all monies held or received by us for the storage fees will be payable to us by the purchaser as set forth (c) Unless otherwise agreed to by the parties or provided by the account of the purchaser, in our possession. We retain all rights of a therein. We reserve the right to transfer property not so removed to published rules of the national arbitration service: b. Many of the numismatic lots have been graded by third party secured party under the California Commercial Code. If the foregoing an offsite warehouse at the purchaser’s risk and expense, as set forth grading service(s) including but not limited to PCGS, NGC, and/or conditions or any other applicable conditions herein are not complied in more detail in the “Buyer’s Guide.” Accounts must be settled in full (i) the arbitration shall occur within 60 days following the selection of ANACS. To the extent Bonhams provides such grading information with, in addition to other remedies available to us and the consignor before property will be released. Packing and handling of purchased the arbitrator; in the cataloguing of a lot, it does so without any express or implied by law, including without limitation, the right to hold the purchaser lots are the responsibility of the purchaser. Bonhams can provide warranty or guarantee, and such information’s inclusion does not liable for the purchase price, we at our option may either (a) cancel packing and shipping services for certain items as noted in the (ii) the arbitration shall be conducted in the designated location, as mean that Bonhams or the consignor agrees or disagrees with the the sale, retaining as liquidated damages all payments made by the “Buyer’s Guide” section of the catalog. follows: (A) in any case in which the subject auction by Bonhams took information that such third party grading service(s) have provided. purchaser or (b) resell the property, either publicly or privately, and place or was scheduled to take place in the State of New York or Bonhams and its consignors shall not be bound by any prior or in such event the purchaser shall be liable for the payment of any 10. The copyright in the text of the catalog and the photographs, Connecticut or the Commonwealth of Massachusetts, the arbitration subsequent opinion or certification (or lack thereof) by any third party deficiency plus all costs and expenses of both sales, our commission digital images and illustrations of lots in the catalog belong to shall take place in New York City, New York; (B) in all other cases, the grading service, and bidders on numismatic lots hereby acknowledge at our standard rates, all other charges due hereunder, attorneys’ Bonhams or its licensors. You will not reproduce or permit anyone arbitration shall take place in the city of San Francisco, California; and and agree that any such opinion or certification (or lack thereof) shall fees, expenses and incidental damages. In addition, where two or else to reproduce such text, photographs, digital images or not be used as the basis for any attempted rescission of sale. THE more amounts are owed in respect of different transactions by the illustrations without our prior written consent. (iii) discovery and the procedure for the arbitration shall be as follows: PURCHASER ASSUMES ALL RISKS RELATING TO GRADING, purchaser to us, to Bonhams 1793 Limited and/or to any of our CONDITION, RARITY AND VALUATION OF NUMISMATIC LOTS. other affiliates, subsidiaries or parent companies worldwide within 11. These Conditions of Sale shall bind the successors and assigns (A) All arbitration proceedings shall be confidential; the Bonhams Group, we reserve the right to apply any monies paid of all bidders and purchasers and inure to the benefit of our c. Catalog illustrations of numismatic lots may not be to scale or in respect of a transaction to discharge any amount owed by the successors and assigns. No waiver, amendment or modification of (B) The parties shall submit written briefs to the arbitrator no later than reflect the depicted items’ actual size. purchaser. If all fees, commissions, premiums, bid price and other the terms hereof (other than posted notices or oral announcements 15 days before the arbitration commences; sums due to us from the purchaser are not paid promptly as provided during the sale) shall bind us unless specifically stated in writing and d. All information regarding the description, condition, rarity, value in these Conditions of Sale, we reserve the right to impose a finance signed by us. If any part of these Conditions of Sale is for any reason (C) Discovery, if any, shall be limited as follows: (I) Requests for no more or desirability of a given numismatic lot is ultimately subject to these charge equal to 1.5% per month on all amounts due to us beginning invalid or unenforceable, the rest shall remain valid and enforceable. than 10 categories of documents, to be provided to the requesting Conditions of Sale and the Limited Right of Rescission set forth herein. on the 31st day following the sale until payment is received, in party within 14 days of written request therefor; (II) No more than two addition to other remedies available to us by law. 12. These Conditions of Sale and the purchaser’s and our respective (2) depositions per party, provided however, the deposition(s) are to be 2. As used herein, the term “bid price” means the price at which rights and obligations hereunder are governed by the laws of the completed within one (1) day; (III) Compliance with the above shall be a lot is successfully knocked down to the purchaser. The term 4. We reserve the right to withdraw any property and to divide and State of California. By bidding at an auction, each purchaser and enforced by the arbitrator in accordance with California law; “purchase price” means the aggregate of (a) the bid price, (b) a combine lots at any time before such property’s auction. Unless bidder agrees to be bound by these Conditions of Sale. Any dispute, PREMIUM retained by us and payable by the purchaser EQUAL otherwise announced by the auctioneer at the time of sale, all bids controversy or claim arising out of or relating to this agreement, or (D) Each party shall have no longer than eight (8) hours to present its TO 20% OF THE BID PRICE, and (c) unless the purchaser is are per lot as numbered in the catalog and no lots shall be divided or the breach, termination or validity thereof, brought by or against position. The entire hearing before the arbitrator shall not take longer exempt by law from the payment thereof, any Alabama, Arizona, combined for sale. Bonhams (but not including claims brought against the consignor by than three (3) consecutive days; California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, the purchaser of lots consigned hereunder) shall be resolved by the Indiana, Kentucky, Maine, Massachusetts, Michigan, Minnesota, 5. We reserve the right to reject a bid from any bidder, to split procedures set forth below. (E) The award shall be made in writing no more than 30 days Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, any bidding increment, and to advance the bidding in any manner following the end of the proceeding. Judgment upon the award Rhode Island, Texas, Virginia, Washington, D.C., Washington the auctioneer may decide. In the event of any dispute between MEDIATION AND ARBITRATION PROCEDURES rendered by the arbitrator may be entered by any court having state, Wisconsin, Wyoming or other state or local sales tax (or bidders, or in the event the auctioneer doubts the validity of any jurisdiction thereof. compensating use tax) and other applicable taxes. With regard to bid, the auctioneer shall have sole and final discretion either to (a) Within 30 days of written notice that there is a dispute, the New York sales tax, please refer to the “Sales and Use Tax” section determine the successful bidder or to re-offer and resell the article parties or their authorized and empowered representatives shall To the fullest extent permitted by law, and except as required by of these Conditions of Sale. in dispute. If any dispute arises after the sale, our sales records shall meet by telephone and/or in person to mediate their differences. If applicable arbitration rules, each party shall bear its own attorneys’ be conclusive in all respects. the parties agree, a mutually acceptable mediator shall be selected fees and costs in connection with the proceedings and shall share 3. On the fall of the auctioneer’s hammer, the highest bidder and the parties will equally share such mediator’s fees. The mediator equally the fees and expenses of the arbitrator. shall have purchased the offered lot in accordance and subject 6. If we are prevented by fire, theft or any other reason whatsoever shall be a retired judge or an attorney familiar with commercial law to compliance with all of the conditions set forth herein and (a) from delivering any property to the purchaser or a sale otherwise and trained in or qualified by experience in handling mediations. LIMITED RIGHT OF RESCISSION assumes full risk and responsibility therefor, (b) if requested will sign cannot be completed, our liability shall be limited to the sum actually Any communications made during the mediation process shall not a confirmation of purchase, and (c) will pay the purchase price in full paid therefor by the purchaser and shall in no event include any be admissible in any subsequent arbitration, mediation or judicial If within one (1) year from the date of sale, the original purchaser (a) or such part as we may require for all lots purchased. No lot may be compensatory, incidental or consequential damages. proceeding. All proceedings and any resolutions thereof shall be gives written notice to us alleging that the identification of Authorship transferred. Any person placing a bid as agent on behalf of another 7. If a lot is offered subject to a reserve, we may implement such confidential, and the terms governing arbitration set forth in paragraph (as defined below) of such lot as set forth in the BOLD TYPE heading (whether or not such person has disclosed that fact or the identity (c) below shall govern. LA/COINS/11.18 LA/COINS/11.18 CONDITIONS OF SALE – COINS AND BANKNOTES CONDITIONS OF SALE – COINS AND BANKNOTES (CONTINUED)

The following Conditions of Sale, as amended by any published or of the principal) may be jointly and severally liable with the principal reserve by bidding on behalf of the consignor, whether by opening posted notices or verbal announcements during the sale, constitute under any contract resulting from the acceptance of a bid. bidding or continuing bidding in response to other bidders until (b) If mediation does not resolve all disputes between the parties, or the entire terms and conditions on which property listed in the reaching the reserve. If we have an interest in an offered lot and the in any event no longer than 60 days after receipt of the written notice catalog shall be offered for sale or sold by Bonhams & Butterfields Unless otherwise agreed, payment in good funds is due and payable proceeds therefrom other than our commissions, we may bid therefor of dispute referred to above, the parties shall submit the dispute for Auctioneers Corp. and any consignor of such property for whom we within five (5) business days following the auction sale. Whenever the to protect such interest. CONSIGNORS ARE NOT ALLOWED TO BID binding arbitration before a single neutral arbitrator. Such arbitrator act as agent. If live online bidding is available for the subject auction, purchaser pays only a part of the total purchase price for one or more ON THEIR OWN ITEMS. shall be a retired judge or an attorney familiar with commercial law additional terms and conditions of sale relating to online bidding lots purchased, we may apply such payments, in our sole discretion, and trained in or qualified by experience in handling arbitrations. Such will apply; see www.bonhams.com/WebTerms for the supplemental to the lot or lots we choose. Payment will not be deemed made in full 8. All statements contained in the catalog or in any bill of sale, arbitrator shall make all appropriate disclosures required by law. The terms. As used herein, “Bonhams,” “we” and “us” refer to Bonhams & until we have collected good funds for all amounts due. condition report, invoice or elsewhere as to authorship, period, arbitrator shall be drawn from a panel of a national arbitration service Butterfields Auctioneers Corp. culture, source, origin, measurement, quality, rarity, provenance, agreed to by the parties, and shall be selected as follows: (i) If the Payment for purchases may be made in or by (a) cash, (b) cashier’s importance, exhibition and literature of historical relevance, or physical national arbitration service has specific rules or procedures, those rules 1. SPECIAL TERMS AND CONDITIONS RELATING TO COINS check or money order, (c) personal check with approved credit drawn condition ARE QUALIFIED STATEMENTS OF OPINION AND NOT or procedures shall be followed; (ii) If the national arbitration service AND BANKNOTES: on a U.S. bank, (d) wire transfer or other immediate bank transfer, or REPRESENTATIONS OR WARRANTIES. No employee or agent does not have rules or procedures for the selection of an arbitrator, the (e) Visa, MasterCard, American Express or Discover credit, charge or of Bonhams is authorized to make on our behalf or on that of the arbitrator shall be an individual jointly agreed to by the parties. If the a. Bonhams has utilized adjectival, descriptive grading to describe debit card. A processing fee will be assessed on any returned checks. consignor any representation or warranty, oral or written, with respect parties cannot agree on a national arbitration service, the arbitration the conditions of coins and banknotes in the catalog rather than Please note that the amount of cash notes and cash equivalents that to any property. shall be conducted by the American Arbitration Association, and the Sheldon numerical scale. Grading is subjective and open to can be accepted from a given purchaser may be limited. the arbitrator shall be selected in accordance with the Rules of the interpretation. Prospective bidders are encouraged to make their own 9. All purchased property shall be removed from the premises at American Arbitration Association. The arbitrator’s award shall be in examination of the numismatic lots offered and not rely on any other The purchaser grants us a security interest in the property, and which the sale is conducted by the date(s) and time(s) set forth in writing and shall set forth findings of fact and legal conclusions. party’s opinion as to grade or other attributes, as opinions differ and we may retain as collateral security for the purchaser’s obligations the “Buyer’s Guide” portion of the catalog. If not so removed, daily grading standards change over time. to us, any property and all monies held or received by us for the storage fees will be payable to us by the purchaser as set forth (c) Unless otherwise agreed to by the parties or provided by the account of the purchaser, in our possession. We retain all rights of a therein. We reserve the right to transfer property not so removed to published rules of the national arbitration service: b. Many of the numismatic lots have been graded by third party secured party under the California Commercial Code. If the foregoing an offsite warehouse at the purchaser’s risk and expense, as set forth grading service(s) including but not limited to PCGS, NGC, and/or conditions or any other applicable conditions herein are not complied in more detail in the “Buyer’s Guide.” Accounts must be settled in full (i) the arbitration shall occur within 60 days following the selection of ANACS. To the extent Bonhams provides such grading information with, in addition to other remedies available to us and the consignor before property will be released. Packing and handling of purchased the arbitrator; in the cataloguing of a lot, it does so without any express or implied by law, including without limitation, the right to hold the purchaser lots are the responsibility of the purchaser. Bonhams can provide warranty or guarantee, and such information’s inclusion does not liable for the purchase price, we at our option may either (a) cancel packing and shipping services for certain items as noted in the (ii) the arbitration shall be conducted in the designated location, as mean that Bonhams or the consignor agrees or disagrees with the the sale, retaining as liquidated damages all payments made by the “Buyer’s Guide” section of the catalog. follows: (A) in any case in which the subject auction by Bonhams took information that such third party grading service(s) have provided. purchaser or (b) resell the property, either publicly or privately, and place or was scheduled to take place in the State of New York or Bonhams and its consignors shall not be bound by any prior or in such event the purchaser shall be liable for the payment of any 10. The copyright in the text of the catalog and the photographs, Connecticut or the Commonwealth of Massachusetts, the arbitration subsequent opinion or certification (or lack thereof) by any third party deficiency plus all costs and expenses of both sales, our commission digital images and illustrations of lots in the catalog belong to shall take place in New York City, New York; (B) in all other cases, the grading service, and bidders on numismatic lots hereby acknowledge at our standard rates, all other charges due hereunder, attorneys’ Bonhams or its licensors. You will not reproduce or permit anyone arbitration shall take place in the city of San Francisco, California; and and agree that any such opinion or certification (or lack thereof) shall fees, expenses and incidental damages. In addition, where two or else to reproduce such text, photographs, digital images or not be used as the basis for any attempted rescission of sale. THE more amounts are owed in respect of different transactions by the illustrations without our prior written consent. (iii) discovery and the procedure for the arbitration shall be as follows: PURCHASER ASSUMES ALL RISKS RELATING TO GRADING, purchaser to us, to Bonhams 1793 Limited and/or to any of our CONDITION, RARITY AND VALUATION OF NUMISMATIC LOTS. other affiliates, subsidiaries or parent companies worldwide within 11. These Conditions of Sale shall bind the successors and assigns (A) All arbitration proceedings shall be confidential; the Bonhams Group, we reserve the right to apply any monies paid of all bidders and purchasers and inure to the benefit of our c. Catalog illustrations of numismatic lots may not be to scale or in respect of a transaction to discharge any amount owed by the successors and assigns. No waiver, amendment or modification of (B) The parties shall submit written briefs to the arbitrator no later than reflect the depicted items’ actual size. purchaser. If all fees, commissions, premiums, bid price and other the terms hereof (other than posted notices or oral announcements 15 days before the arbitration commences; sums due to us from the purchaser are not paid promptly as provided during the sale) shall bind us unless specifically stated in writing and d. All information regarding the description, condition, rarity, value in these Conditions of Sale, we reserve the right to impose a finance signed by us. If any part of these Conditions of Sale is for any reason (C) Discovery, if any, shall be limited as follows: (I) Requests for no more or desirability of a given numismatic lot is ultimately subject to these charge equal to 1.5% per month on all amounts due to us beginning invalid or unenforceable, the rest shall remain valid and enforceable. than 10 categories of documents, to be provided to the requesting Conditions of Sale and the Limited Right of Rescission set forth herein. on the 31st day following the sale until payment is received, in party within 14 days of written request therefor; (II) No more than two addition to other remedies available to us by law. 12. These Conditions of Sale and the purchaser’s and our respective (2) depositions per party, provided however, the deposition(s) are to be 2. As used herein, the term “bid price” means the price at which rights and obligations hereunder are governed by the laws of the completed within one (1) day; (III) Compliance with the above shall be a lot is successfully knocked down to the purchaser. The term 4. We reserve the right to withdraw any property and to divide and State of California. By bidding at an auction, each purchaser and enforced by the arbitrator in accordance with California law; “purchase price” means the aggregate of (a) the bid price, (b) a combine lots at any time before such property’s auction. Unless bidder agrees to be bound by these Conditions of Sale. Any dispute, PREMIUM retained by us and payable by the purchaser EQUAL otherwise announced by the auctioneer at the time of sale, all bids controversy or claim arising out of or relating to this agreement, or (D) Each party shall have no longer than eight (8) hours to present its TO 20% OF THE BID PRICE, and (c) unless the purchaser is are per lot as numbered in the catalog and no lots shall be divided or the breach, termination or validity thereof, brought by or against position. The entire hearing before the arbitrator shall not take longer exempt by law from the payment thereof, any Alabama, Arizona, combined for sale. Bonhams (but not including claims brought against the consignor by than three (3) consecutive days; California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, the purchaser of lots consigned hereunder) shall be resolved by the Indiana, Kentucky, Maine, Massachusetts, Michigan, Minnesota, 5. We reserve the right to reject a bid from any bidder, to split procedures set forth below. (E) The award shall be made in writing no more than 30 days Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, any bidding increment, and to advance the bidding in any manner following the end of the proceeding. Judgment upon the award Rhode Island, Texas, Virginia, Washington, D.C., Washington the auctioneer may decide. In the event of any dispute between MEDIATION AND ARBITRATION PROCEDURES rendered by the arbitrator may be entered by any court having state, Wisconsin, Wyoming or other state or local sales tax (or bidders, or in the event the auctioneer doubts the validity of any jurisdiction thereof. compensating use tax) and other applicable taxes. With regard to bid, the auctioneer shall have sole and final discretion either to (a) Within 30 days of written notice that there is a dispute, the New York sales tax, please refer to the “Sales and Use Tax” section determine the successful bidder or to re-offer and resell the article parties or their authorized and empowered representatives shall To the fullest extent permitted by law, and except as required by of these Conditions of Sale. in dispute. If any dispute arises after the sale, our sales records shall meet by telephone and/or in person to mediate their differences. If applicable arbitration rules, each party shall bear its own attorneys’ be conclusive in all respects. the parties agree, a mutually acceptable mediator shall be selected fees and costs in connection with the proceedings and shall share 3. On the fall of the auctioneer’s hammer, the highest bidder and the parties will equally share such mediator’s fees. The mediator equally the fees and expenses of the arbitrator. shall have purchased the offered lot in accordance and subject 6. If we are prevented by fire, theft or any other reason whatsoever shall be a retired judge or an attorney familiar with commercial law to compliance with all of the conditions set forth herein and (a) from delivering any property to the purchaser or a sale otherwise and trained in or qualified by experience in handling mediations. LIMITED RIGHT OF RESCISSION assumes full risk and responsibility therefor, (b) if requested will sign cannot be completed, our liability shall be limited to the sum actually Any communications made during the mediation process shall not a confirmation of purchase, and (c) will pay the purchase price in full paid therefor by the purchaser and shall in no event include any be admissible in any subsequent arbitration, mediation or judicial If within one (1) year from the date of sale, the original purchaser (a) or such part as we may require for all lots purchased. No lot may be compensatory, incidental or consequential damages. proceeding. All proceedings and any resolutions thereof shall be gives written notice to us alleging that the identification of Authorship transferred. Any person placing a bid as agent on behalf of another 7. If a lot is offered subject to a reserve, we may implement such confidential, and the terms governing arbitration set forth in paragraph (as defined below) of such lot as set forth in the BOLD TYPE heading (whether or not such person has disclosed that fact or the identity (c) below shall govern. LA/COINS/11.18 LA/COINS/11.18 CONDITIONS OF SALE – COINS & BANKNOTES (CONTINUED) BUYER’S GUIDE of the catalog description of such lot (as amended by any saleroom “Authorship” means only the identity of the creator, the period, culture BIDDING & BUYING AT AUCTION item at the lowest bid price possible. In the event identical bids the Conditions of Sale. If you wish to use your resale license notices or verbal announcements during the sale) is not substantially and source or origin of the lot, as the case may be, as set forth in the are submitted, the earliest bid submitted will take precedence. please contact Cashiers for our form. Whether you are an experienced bidder or an enthusiastic Absentee bids shall be executed in competition with other correct based on a fair reading of the catalog (including the terms BOLD TYPE heading of the print catalog entry. The right of rescission novice, auctions provide a stimulating atmosphere unlike any Shipping & Removal absentee bids, any applicable reserve, and bids from other of any glossary contained therein), and (b) within 10 days after such does not extend to: (a) any grading information, opinion or certification of other. Bonhams previews and sales are free and open to the Bonhams can accommodate shipping for certain items. auction participants. A friend or agent may place bids on public. As you will find in these directions, bidding and buying Please contact our Cashiers Department for more information notice returns the lot to us in the same condition as at the time of the subject lot, whether provided by Bonhams, the consignor or a third your behalf, provided that we have received your written at auction is easy and exciting. Should you have any further or to obtain a quote. Refer to Conditions of Sale for special authorization prior to the sale. Absentee bid forms are available sale, and (c) establishes the allegation in the notice to our satisfaction party grading service; (b) statements of condition, titles, descriptions, or questions, please visit our website at www.bonhams.com or terms governing the shipment of Arms and Wine. Shipments in our catalogs, online at www.bonhams.com/us, and at our (including by providing one or more written opinions by recognized other identification of offered lots, which information normally appears call our Client Services Department at +1 (323) 850 7500. are made during weekday business hours up to four weeks San Francisco, Los Angeles and New York galleries. after payment is received. Carriers are not permitted to deliver experts in the field, as we may reasonably require), then the sale of in lower case type below the BOLD TYPE heading identifying the Catalogs By Telephone to P.O. Boxes. such lot will be rescinded and, unless we have already paid to the Authorship; (c) Authorship of any lot where it was specifically mentioned Before each auction we publish illustrated catalogs that Under special circumstances, we can arrange for you to bid include dates and times for previews and auctions. Our International buyers are responsible for all import/export consignor monies owed him in connection with the sale, the original that there exists a conflict of specialist or scholarly opinion regarding the by telephone. To arrange for a telephone bid, please contact catalogs also provide descriptions and estimated values customs duties and taxes. An invoice stating the actual purchase price will be refunded. Authorship of the lot at the time of sale; (d) Authorship of any lot which as our Client Services Department a minimum of 24 hours prior for each “lot.” A lot may refer to a single item or to a group purchase price(s) will accompany all international purchases. to the sale. of the date of sale was in accordance with the then generally-accepted of items auctioned together. We offer our catalogs by Simultaneous sale property collection notice: If, prior to receiving such notice from the original purchaser alleging opinion of scholars and specialists regarding the same; or (e) the subscription or by single copy. For information on subscribing Online If this sale previews in multiple cities, please see the title page to our catalogs, you may refer to the subscription form in Web users may place absentee bids online from anywhere such defect, we have paid the consignor monies owed him in identification of periods or dates of creation in catalog descriptions which for details regarding final location of property for collection. this catalog, call our Client Services Department, or visit our in the world. To bid online, please visit our website at www. connection with the sale, we shall pay the original purchaser the may be proven inaccurate by means of scientific processes that are not website at www.bonhams.com/us. bonhams.com/us. Auction Results amount of our commissions, any other sale proceeds to which we generally accepted for use until after publication of the catalog in which Auction results are usually available on the next business day Previews We are pleased to make our live online bidding facility available following the sale or online at www.bonhams.com/us. are entitled and applicable taxes received from the purchaser on the property is offered or that were unreasonably expensive or impractical Auction previews are your chance to inspect each lot prior to to bidders in this sale. the sale and make demand on the consignor to pay the balance to use at the time of such publication. the auction. We encourage you to look closely and examine Additional terms and conditions of sale relating to online each object on which you may want to bid so that you will of the original purchase price to the original purchaser. Should the bidding will apply. Please see www.bonhams.com/25528 or know as much as possible about it. Items are sold “as is” and consignor fail to pay such amount promptly, we may disclose the LIMITATION OF LIABILITY contact the Client Services Department to obtain information with all faults; illustrations in our catalogs, website and other and learn how you can register and bid online in this sale. identity of the consignor and assign to the original purchaser our materials are provided for identification only. At the previews, rights against the consignor with respect to the lot the sale of which is EXCEPT AS EXPRESSLY PROVIDED ABOVE, ALL PROPERTY our staff is always available to answer your questions and Bid Increments sought to be rescinded. Upon such disclosure and assignment, any IS SOLD “AS IS.” NEITHER BONHAMS NOR THE CONSIGNOR guide you through the auction process. Condition reports may Bonhams generally uses the following increment multiples as be available upon request. bidding progresses: liability of Bonhams as consignor’s agent with respect to said lot shall MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS automatically terminate. OR IMPLIED, AS TO THE MERCHANTABILITY, FITNESS Estimates $50-200 ...... by $10s Bonhams catalogs include estimates for each lot, exclusive of $200-500 ...... by $20/50/80s OR CONDITION OF THE PROPERTY OR AS TO WHETHER buyer’s premium and tax. The estimates are provided as an $500-1,000 ...... by $50s The foregoing limited right of rescission is available to the original THE PROPERTY WILL MEET THE STANDARDS OR GRADE approximate guide to current market value and should not be $1,000-2,000 ...... by $100s purchaser only and may not be assigned to or relied upon by OF ANY INDEPENDENT GRADING SERVICE OR AS TO interpreted as a representation or prediction of actual selling $2,000-5,000 ...... by $200/500/800s prices. They are determined well in advance of a sale and are any subsequent transferee of the property sold. The purchaser THE CORRECTNESS OF DESCRIPTION, GENUINENESS, $5,000-10,000… ...... by $500s subject to revision. Please contact us should you have any $10,000-20,000 ...... by $1,000s hereby accepts the benefit of the consignor’s warranty of title and ATTRIBUTION, PROVENANCE OR PERIOD OF THE PROPERTY questions about value estimates. $20,000-50,000 ...... by $2,000/5,000/8,000s $50,000-100,000 ...... by $5,000s other representations and warranties made by the consignor for OR AS TO WHETHER THE PURCHASER ACQUIRES ANY Reserves $100,000-200,000 ...... by $10,000s the purchaser’s benefit. Nothing in this section shall be construed COPYRIGHTS OR OTHER INTELLECTUAL PROPERTY RIGHTS IN All lots in a catalog are subject to a reserve unless otherwise above $200,000 ...... at auctioneer’s discretion as an admission by us of any representation of fact, express or LOTS SOLD. THE PURCHASER EXPRESSLY ACKNOWLEDGES indicated. The reserve is the minimum price that the seller is implied, obligation or responsibility with respect to any lot. THE AND AGREES THAT IN NO EVENT SHALL BONHAMS BE LIABLE willing to accept for a lot. This amount is confidential and does The auctioneer may split or reject any bid at any time at not exceed the low estimated value. his or her discretion as outlined in the Conditions of Sale. PURCHASER’S SOLE AND EXCLUSIVE REMEDY AGAINST FOR ANY DAMAGES INCLUDING, WITHOUT LIMITATION, ANY BONHAMS FOR ANY REASON WHATSOEVER IS THE LIMITED COMPENSATORY, INCIDENTAL OR CONSEQUENTIAL DAMAGES. BIDDING AT AUCTION Currency Converter At Bonhams, you can bid in many ways: in person, via Solely for the convenience of bidders, a currency converter RIGHT OF RESCISSION DESCRIBED IN THIS SECTION. absentee bid, over the phone, or via Bonhams’ online bidding may be provided at Bonhams sales. The rates quoted for facility. Absentee bids can be submitted in person, online, via conversion of other currencies to U.S. Dollars are indications fax or via email. only and should not be relied upon by a bidder, and neither SELLER’S GUIDE Bonhams nor its agents shall be responsible for any errors A valid Bonhams client account is required to participate in or omissions in the operation or accuracy of the currency bidding activity. You can obtain registration information online, at SELLING AT AUCTION as “photo auction estimate”. Alternatively, you can When we conduct a private appraisal, our specialists converter. Bonhams can help you every step of the way when submit your request using our online form at www. will prepare a thorough inventory listing of all your the reception desk or by calling our Client Services Department. Buyer’s Premium you are ready to sell art, antiques and collectible items bonhams.com/us. Digital images may be attached appraised property by category. Valuations, complete By bidding at auction, whether in person or by agent, by A buyer’s premium is added to the winning bid price of each at auction. Our regional offices and representatives to the form. Please limit your images to no more descriptions and locations of items are included in the absentee bid, telephone, online or other means, the buyer or individual lot purchased, at the rates set forth in the Conditions throughout the US are available to service all of your than five (5) per item. documentation. bidder agrees to be bound by the Conditions of Sale. needs. Should you have any further questions, please of Sale. The winning bid price plus the premium constitute Lots are auctioned in consecutive numerical order as they the purchase price for the lot. Applicable sales taxes are visit our website at www.bonhams.com/us for more Consigning Your Property Appraisal fees vary according to the nature of the appear in the catalog. Bidding normally begins below computed based on this figure, and the total becomes your information or call our Client Services Department at After you receive an estimate, you may consign your collection, the amount of work involved, the travel the low estimate. The auctioneer will accept bids from final purchase price. +1 (800) 223 2854 ext. 33550. property to us for sale in the next appropriate auction. distance, and whether the property is subsequently interested parties present in the saleroom, from telephone Unless specifically illustrated and noted, fine art frames are Our staff assists you throughout the process, arranging consigned for auction. bidders, and from absentee bidders who have left written not included in the estimate or purchase price. Bonhams Auction Estimates transportation of your items to our galleries (at the bids in advance of the sale. The auctioneer may also accepts no liability for damage or loss to frames during The first step in the auction process is to determine consignor’s expense), providing a detailed inventory of Our appraisers are available to help you anywhere and execute bids on behalf of the consignor up to the amount storage or shipment. the auction value of your property. Bonhams’ world- your consignment, and reporting the prices realized for at any time. Please call our Client Services Department of the reserve, but never above it. renowned specialists will evaluate your special items at each lot. We provide secure storage for your property to schedule an appraisal. All sales are final and subject to the Conditions of Sale We assume no responsibility for failure to execute bids for any no charge and in complete confidence. You can obtain in our warehouses and all items are insured throughout found in our catalogs, on our website, and available at the reason whatsoever. an auction estimate in many ways: the auction process. You will receive payment for your Estate Services reception desk. property approximately 35 days after completion of sale. Since 1865, Bonhams has been serving the needs In Person Payment • Attend one of our Auction Evaluation Events of fiduciaries – lawyers, trust officers, accountants If you are planning to bid at auction, you will need to register All buyers are asked to pay and pick up by 3pm on the held regularly at our galleries and in other major Sales commissions vary with the potential auction and executors – in the disposition of large and small at the reception desk in order to receive a numbered bid business day following the auction. Payment may be made metropolitan areas. The updated schedule for value of the property and the particular auction estates. Our services are specially designed to aid card. To place a bid, hold up your card so that the auctioneer to Bonhams by cash, checks drawn on a U.S. bank, money Bonhams Auction Evaluation Events is available at in which the property is offered. Please call us for in the efficient appraisal and disposition of fine art, can clearly see it. Decide on the maximum amount that order, wire transfer, or by Visa, MasterCard, American Express www.bonhams.com/us. commission rates. antiques, jewelry, and collectibles. We offer a full range you wish to pay, exclusive of buyer’s premium and tax, and or Discover credit or charge card or debit card. All items must of estate services, ranging from flexible financial terms continue bidding until your bid prevails or you reach your limit. be paid for within 5 business days of the sale. Please note that • Call our Client Services Department to schedule a Professional Appraisal Services to tailored accounting for heirs and their agents to If you are the successful bidder on a lot, the auctioneer will payment by personal or business check may result in property private appointment at one of our galleries. If you Bonhams specialists conduct insurance and fair market world-class marketing and sales support. acknowledge your paddle number and bid amount. have a large collection, our specialists can travel, by value appraisals for private collectors, corporations, not being released until purchase funds clear our bank. Absentee Bids appointment, to evaluate your property on site. museums, fiduciaries and government entities on a For more information or to obtain a detailed Trust Sales Tax As a service to those wishing to place bids, we may at our daily basis. Insurance appraisals, used for insurance and Estates package, please visit our website Residents of states listed in Paragraph 1 of the Conditions discretion accept bids without charge in advance of sale by • Send clear photographs to us of each individual purposes, reflect the cost of replacing property in of Sale must pay applicable sales tax. Other state or local at www.bonhams.com/us or contact our Client telephone, by facsimile or in writing on bidding forms available taxes (or compensation use taxes) may apply. Sales tax will item, including item dimensions and other pertinent today’s retail market. Fair market value appraisals are Services Department. from us. “Buy” bids will not be accepted; all bids must state the be automatically added to the invoice unless a valid resale information with each picture. Photos should be used for estate, tax and family division purposes and highest bid price the bidder is willing to pay. Our auction staff number has been furnished or the property is shipped via sent to Bonhams’ address in envelopes marked reflect prices paid by a willing buyer to a willing seller. will try to bid just as you would, with the goal of obtaining the common carrier to destinations outside the states listed in LA/COINS/11.18 4 | BONHAMS LA-CA/MAIN/11.2018 CONDITIONS OF SALE – COINS & BANKNOTES (CONTINUED) BUYER’S GUIDE of the catalog description of such lot (as amended by any saleroom “Authorship” means only the identity of the creator, the period, culture BIDDING & BUYING AT AUCTION item at the lowest bid price possible. In the event identical bids the Conditions of Sale. If you wish to use your resale license notices or verbal announcements during the sale) is not substantially and source or origin of the lot, as the case may be, as set forth in the are submitted, the earliest bid submitted will take precedence. please contact Cashiers for our form. Whether you are an experienced bidder or an enthusiastic Absentee bids shall be executed in competition with other correct based on a fair reading of the catalog (including the terms BOLD TYPE heading of the print catalog entry. The right of rescission novice, auctions provide a stimulating atmosphere unlike any Shipping & Removal absentee bids, any applicable reserve, and bids from other of any glossary contained therein), and (b) within 10 days after such does not extend to: (a) any grading information, opinion or certification of other. Bonhams previews and sales are free and open to the Bonhams can accommodate shipping for certain items. auction participants. A friend or agent may place bids on public. As you will find in these directions, bidding and buying Please contact our Cashiers Department for more information notice returns the lot to us in the same condition as at the time of the subject lot, whether provided by Bonhams, the consignor or a third your behalf, provided that we have received your written at auction is easy and exciting. Should you have any further or to obtain a quote. Refer to Conditions of Sale for special authorization prior to the sale. Absentee bid forms are available sale, and (c) establishes the allegation in the notice to our satisfaction party grading service; (b) statements of condition, titles, descriptions, or questions, please visit our website at www.bonhams.com or terms governing the shipment of Arms and Wine. Shipments in our catalogs, online at www.bonhams.com/us, and at our (including by providing one or more written opinions by recognized other identification of offered lots, which information normally appears call our Client Services Department at +1 (323) 850 7500. are made during weekday business hours up to four weeks San Francisco, Los Angeles and New York galleries. after payment is received. Carriers are not permitted to deliver experts in the field, as we may reasonably require), then the sale of in lower case type below the BOLD TYPE heading identifying the Catalogs By Telephone to P.O. Boxes. such lot will be rescinded and, unless we have already paid to the Authorship; (c) Authorship of any lot where it was specifically mentioned Before each auction we publish illustrated catalogs that Under special circumstances, we can arrange for you to bid include dates and times for previews and auctions. Our International buyers are responsible for all import/export consignor monies owed him in connection with the sale, the original that there exists a conflict of specialist or scholarly opinion regarding the by telephone. To arrange for a telephone bid, please contact catalogs also provide descriptions and estimated values customs duties and taxes. An invoice stating the actual purchase price will be refunded. Authorship of the lot at the time of sale; (d) Authorship of any lot which as our Client Services Department a minimum of 24 hours prior for each “lot.” A lot may refer to a single item or to a group purchase price(s) will accompany all international purchases. to the sale. of the date of sale was in accordance with the then generally-accepted of items auctioned together. We offer our catalogs by Simultaneous sale property collection notice: If, prior to receiving such notice from the original purchaser alleging opinion of scholars and specialists regarding the same; or (e) the subscription or by single copy. For information on subscribing Online If this sale previews in multiple cities, please see the title page to our catalogs, you may refer to the subscription form in Web users may place absentee bids online from anywhere such defect, we have paid the consignor monies owed him in identification of periods or dates of creation in catalog descriptions which for details regarding final location of property for collection. this catalog, call our Client Services Department, or visit our in the world. To bid online, please visit our website at www. connection with the sale, we shall pay the original purchaser the may be proven inaccurate by means of scientific processes that are not website at www.bonhams.com/us. bonhams.com/us. Auction Results amount of our commissions, any other sale proceeds to which we generally accepted for use until after publication of the catalog in which Auction results are usually available on the next business day Previews We are pleased to make our live online bidding facility available following the sale or online at www.bonhams.com/us. are entitled and applicable taxes received from the purchaser on the property is offered or that were unreasonably expensive or impractical Auction previews are your chance to inspect each lot prior to to bidders in this sale. the sale and make demand on the consignor to pay the balance to use at the time of such publication. the auction. We encourage you to look closely and examine Additional terms and conditions of sale relating to online each object on which you may want to bid so that you will of the original purchase price to the original purchaser. Should the bidding will apply. Please see www.bonhams.com/25528 or know as much as possible about it. Items are sold “as is” and consignor fail to pay such amount promptly, we may disclose the LIMITATION OF LIABILITY contact the Client Services Department to obtain information with all faults; illustrations in our catalogs, website and other and learn how you can register and bid online in this sale. identity of the consignor and assign to the original purchaser our materials are provided for identification only. At the previews, rights against the consignor with respect to the lot the sale of which is EXCEPT AS EXPRESSLY PROVIDED ABOVE, ALL PROPERTY our staff is always available to answer your questions and Bid Increments sought to be rescinded. Upon such disclosure and assignment, any IS SOLD “AS IS.” NEITHER BONHAMS NOR THE CONSIGNOR guide you through the auction process. Condition reports may Bonhams generally uses the following increment multiples as be available upon request. bidding progresses: liability of Bonhams as consignor’s agent with respect to said lot shall MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS automatically terminate. OR IMPLIED, AS TO THE MERCHANTABILITY, FITNESS Estimates $50-200 ...... by $10s Bonhams catalogs include estimates for each lot, exclusive of $200-500 ...... by $20/50/80s OR CONDITION OF THE PROPERTY OR AS TO WHETHER buyer’s premium and tax. The estimates are provided as an $500-1,000 ...... by $50s The foregoing limited right of rescission is available to the original THE PROPERTY WILL MEET THE STANDARDS OR GRADE approximate guide to current market value and should not be $1,000-2,000 ...... by $100s purchaser only and may not be assigned to or relied upon by OF ANY INDEPENDENT GRADING SERVICE OR AS TO interpreted as a representation or prediction of actual selling $2,000-5,000 ...... by $200/500/800s prices. They are determined well in advance of a sale and are any subsequent transferee of the property sold. The purchaser THE CORRECTNESS OF DESCRIPTION, GENUINENESS, $5,000-10,000… ...... by $500s subject to revision. Please contact us should you have any $10,000-20,000 ...... by $1,000s hereby accepts the benefit of the consignor’s warranty of title and ATTRIBUTION, PROVENANCE OR PERIOD OF THE PROPERTY questions about value estimates. $20,000-50,000 ...... by $2,000/5,000/8,000s $50,000-100,000 ...... by $5,000s other representations and warranties made by the consignor for OR AS TO WHETHER THE PURCHASER ACQUIRES ANY Reserves $100,000-200,000 ...... by $10,000s the purchaser’s benefit. Nothing in this section shall be construed COPYRIGHTS OR OTHER INTELLECTUAL PROPERTY RIGHTS IN All lots in a catalog are subject to a reserve unless otherwise above $200,000 ...... at auctioneer’s discretion as an admission by us of any representation of fact, express or LOTS SOLD. THE PURCHASER EXPRESSLY ACKNOWLEDGES indicated. The reserve is the minimum price that the seller is implied, obligation or responsibility with respect to any lot. THE AND AGREES THAT IN NO EVENT SHALL BONHAMS BE LIABLE willing to accept for a lot. This amount is confidential and does The auctioneer may split or reject any bid at any time at not exceed the low estimated value. his or her discretion as outlined in the Conditions of Sale. PURCHASER’S SOLE AND EXCLUSIVE REMEDY AGAINST FOR ANY DAMAGES INCLUDING, WITHOUT LIMITATION, ANY BONHAMS FOR ANY REASON WHATSOEVER IS THE LIMITED COMPENSATORY, INCIDENTAL OR CONSEQUENTIAL DAMAGES. BIDDING AT AUCTION Currency Converter At Bonhams, you can bid in many ways: in person, via Solely for the convenience of bidders, a currency converter RIGHT OF RESCISSION DESCRIBED IN THIS SECTION. absentee bid, over the phone, or via Bonhams’ online bidding may be provided at Bonhams sales. The rates quoted for facility. Absentee bids can be submitted in person, online, via conversion of other currencies to U.S. Dollars are indications fax or via email. only and should not be relied upon by a bidder, and neither SELLER’S GUIDE Bonhams nor its agents shall be responsible for any errors A valid Bonhams client account is required to participate in or omissions in the operation or accuracy of the currency bidding activity. You can obtain registration information online, at SELLING AT AUCTION as “photo auction estimate”. Alternatively, you can When we conduct a private appraisal, our specialists converter. Bonhams can help you every step of the way when submit your request using our online form at www. will prepare a thorough inventory listing of all your the reception desk or by calling our Client Services Department. Buyer’s Premium you are ready to sell art, antiques and collectible items bonhams.com/us. Digital images may be attached appraised property by category. Valuations, complete By bidding at auction, whether in person or by agent, by A buyer’s premium is added to the winning bid price of each at auction. Our regional offices and representatives to the form. Please limit your images to no more descriptions and locations of items are included in the absentee bid, telephone, online or other means, the buyer or individual lot purchased, at the rates set forth in the Conditions throughout the US are available to service all of your than five (5) per item. documentation. bidder agrees to be bound by the Conditions of Sale. needs. Should you have any further questions, please of Sale. The winning bid price plus the premium constitute Lots are auctioned in consecutive numerical order as they the purchase price for the lot. Applicable sales taxes are visit our website at www.bonhams.com/us for more Consigning Your Property Appraisal fees vary according to the nature of the appear in the catalog. Bidding normally begins below computed based on this figure, and the total becomes your information or call our Client Services Department at After you receive an estimate, you may consign your collection, the amount of work involved, the travel the low estimate. The auctioneer will accept bids from final purchase price. +1 (800) 223 2854 ext. 33550. property to us for sale in the next appropriate auction. distance, and whether the property is subsequently interested parties present in the saleroom, from telephone Unless specifically illustrated and noted, fine art frames are Our staff assists you throughout the process, arranging consigned for auction. bidders, and from absentee bidders who have left written not included in the estimate or purchase price. Bonhams Auction Estimates transportation of your items to our galleries (at the bids in advance of the sale. The auctioneer may also accepts no liability for damage or loss to frames during The first step in the auction process is to determine consignor’s expense), providing a detailed inventory of Our appraisers are available to help you anywhere and execute bids on behalf of the consignor up to the amount storage or shipment. the auction value of your property. Bonhams’ world- your consignment, and reporting the prices realized for at any time. Please call our Client Services Department of the reserve, but never above it. renowned specialists will evaluate your special items at each lot. We provide secure storage for your property to schedule an appraisal. All sales are final and subject to the Conditions of Sale We assume no responsibility for failure to execute bids for any no charge and in complete confidence. You can obtain in our warehouses and all items are insured throughout found in our catalogs, on our website, and available at the reason whatsoever. an auction estimate in many ways: the auction process. You will receive payment for your Estate Services reception desk. property approximately 35 days after completion of sale. Since 1865, Bonhams has been serving the needs In Person Payment • Attend one of our Auction Evaluation Events of fiduciaries – lawyers, trust officers, accountants If you are planning to bid at auction, you will need to register All buyers are asked to pay and pick up by 3pm on the held regularly at our galleries and in other major Sales commissions vary with the potential auction and executors – in the disposition of large and small at the reception desk in order to receive a numbered bid business day following the auction. Payment may be made metropolitan areas. The updated schedule for value of the property and the particular auction estates. Our services are specially designed to aid card. To place a bid, hold up your card so that the auctioneer to Bonhams by cash, checks drawn on a U.S. bank, money Bonhams Auction Evaluation Events is available at in which the property is offered. Please call us for in the efficient appraisal and disposition of fine art, can clearly see it. Decide on the maximum amount that order, wire transfer, or by Visa, MasterCard, American Express www.bonhams.com/us. commission rates. antiques, jewelry, and collectibles. We offer a full range you wish to pay, exclusive of buyer’s premium and tax, and or Discover credit or charge card or debit card. All items must of estate services, ranging from flexible financial terms continue bidding until your bid prevails or you reach your limit. be paid for within 5 business days of the sale. Please note that • Call our Client Services Department to schedule a Professional Appraisal Services to tailored accounting for heirs and their agents to If you are the successful bidder on a lot, the auctioneer will payment by personal or business check may result in property private appointment at one of our galleries. If you Bonhams specialists conduct insurance and fair market world-class marketing and sales support. acknowledge your paddle number and bid amount. have a large collection, our specialists can travel, by value appraisals for private collectors, corporations, not being released until purchase funds clear our bank. Absentee Bids appointment, to evaluate your property on site. museums, fiduciaries and government entities on a For more information or to obtain a detailed Trust Sales Tax As a service to those wishing to place bids, we may at our daily basis. Insurance appraisals, used for insurance and Estates package, please visit our website Residents of states listed in Paragraph 1 of the Conditions discretion accept bids without charge in advance of sale by • Send clear photographs to us of each individual purposes, reflect the cost of replacing property in of Sale must pay applicable sales tax. Other state or local at www.bonhams.com/us or contact our Client telephone, by facsimile or in writing on bidding forms available taxes (or compensation use taxes) may apply. Sales tax will item, including item dimensions and other pertinent today’s retail market. Fair market value appraisals are Services Department. from us. “Buy” bids will not be accepted; all bids must state the be automatically added to the invoice unless a valid resale information with each picture. Photos should be used for estate, tax and family division purposes and highest bid price the bidder is willing to pay. Our auction staff number has been furnished or the property is shipped via sent to Bonhams’ address in envelopes marked reflect prices paid by a willing buyer to a willing seller. will try to bid just as you would, with the goal of obtaining the common carrier to destinations outside the states listed in LA/COINS/11.18 4 | BONHAMS LA-CA/MAIN/11.2018 Bonhams Specialist Departments

19th Century Paintings Australian Colonial Furniture Hong Kong Golf Sporting Mechanical Music Museum Services Scientific Instruments Client Services Departments London and Australiana Xibo Wang, Memorabilia London San Francisco London Charles O’ Brien +61 2 8412 2222 +852 3607 0010 Edinburgh Jon Baddeley Laura King Pfaff Jon Baddeley +44 20 7468 8360 Australia Kevin McGimpsey +44 20 7393 3872 +1 415 503 3210 +44 20 7393 3872 U.S.A. New York Books, Maps & Manuscripts Yvett Klein, +44 131 240 2296 New York San Francisco Madalina Lazen +61 2 8412 2231 Hamish Wilson Modern & Contemporary Native American Art Jonathan Snellenburg London (415) 861 7500 +1 212 644 9108 Matthew Haley +44 131 240 0916 African Art San Francisco +1 212 461 6530 +44 20 7393 3817 Clocks London Ingmars Lindbergs (415) 861 8951 fax 20th Century British Art New York London Irish Art Giles Peppiatt +1 415 503 3393 Scottish Pictures Monday - Friday, 9am to 5pm London Ian Ehling James Stratton London + 44 20 7468 8355 Edinburgh Matthew Bradbury +1 212 644 9094 +44 20 7468 8364 Penny Day Natural History Chris Brickley Los Angeles +44 20 7468 8295 Darren Sutherland New York +44 20 7468 8366 Modern & Contemporary Los Angeles +44 131 240 2297 +1 212 461 6531 Jonathan Snellenburg Middle Eastern Art Claudia Florian (323) 850 7500 20th Century Fine Art Los Angeles +1 212 461 6530 Impressionist & London +1 323 436 5437 Silver & Gold Boxes (323) 850 6090 fax San Francisco Catherine Williamson Modern Art Nima Sagharchi +1 310 469 8567 • London Monday - Friday, 9am to 5pm Sonja Moro +1 323 436 5442 Coins & Medals London +44 20 7468 8342 Thomas E. Lindgren Ellis Finch +1 415 503 3412 San Francisco London India Phillips +1 310 469 8567 • +44 20 7393 3973 Adam Stackhouse John Millensted +44 20 7468 8328 Modern & Contemporary New York Aboriginal Art +1 415 503 3266 +44 20 7393 3914 New York South Asian Art Old Master Pictures Sporting Guns (212) 644 9001 Australia Los Angeles Caitlyn Pickens London London London (212) 644 9009 fax Francesca Cavazzini British & European Glass Paul Song +1 212 644 9135 Tahmina Ghaffar Andrew Mckenzie Patrick Hawes Monday - Friday, 9am to 5pm +61 2 8412 2222 London +1 323 436 5455 Los Angeles +44 207 468 8382 +44 20 7468 8261 +44 20 7393 3815 John Sandon Kathy Wong Los Angeles African, Oceanic +44 20 7468 8244 Entertainment +1 323 436 5415 Modern Decorative Mark Fisher Space History Toll Free & Pre-Columbian Art Memorabilia Art + Design +1 323 436 5488 San Francisco (800) 223 2854 Los Angeles British Ceramics London Indian, Himalayan & London Adam Stackhouse Fredric W. Backlar London Katherine Schofield Southeast Asian Art Mark Oliver Orientalist Art +1 415 503 3266 +1 323 436 5416 • John Sandon +44 20 7393 3871 New York +44 20 7393 3856 London U.K. +44 20 7468 8244 Los Angeles Mark Rasmussen New York Charles O’Brien Travel Pictures Monday to Friday 8.30 to 6.00 American Paintings Catherine Williamson +1 917 206 1688 Benjamin Walker +44 20 7468 8360 London +44 (0) 20 7447 7447 New York California & Western +1 323 436 5442 Hong Kong +1 212 710 1306 Veronique Scorer Jennifer Jacobsen Paintings & Sculpture Dana Hawkes Edward Wilkinson Dan Tolson Photography +44 20 7393 3962 +1 917 206 1699 Los Angeles +1 978 283 1518 +852 2918 4321 +1 917 206 1611 New York Bids Elizabeth Goodridge Scot Levitt Los Angeles Laura Paterson Watches & +44 (0) 20 7447 7447 +1 917 206 1621 +1 323 436 5425 European Ceramics Islamic & Indian Art Jason Stein +1 917 206 1653 Wristwatches +44 (0) 20 7447 7401 fax Kathy Wong London London +1 323 436 5466 Los Angeles & San Francisco London Antiquities +1 323 436 5415 Sebastian Kuhn Oliver White Morisa Rosenberg Jonathan Darracott To bid via the internet please London San Francisco +44 20 7468 8384 +44 20 7468 8303 Motor Cars +1 323 436 5435 +44 20 7447 7412 visit bonhams.com Francesca Hickin Aaron Bastian London +1 415 503 3259 New York +44 20 7468 8226 +1 415 503 3241 European Paintings Japanese Art Tim Schofield Jonathan Snellenburg London London +44 20 7468 5804 Post-War and +1 212 461 6530 Antique Arms & Armour Carpets Charles O’ Brien Suzannah Yip New York Contemporary Art Hong Kong London London +44 20 7468 8360 +44 20 7468 8368 Rupert Banner London Tim Bourne David Williams Helena Gumley-Mason New York New York +1 212 461 6515 Ralph Taylor +852 3607 0021 +44 20 7393 3807 +44 20 8393 2615 Madalina Lazen Jeff Olson Eric Minoff +44 20 7447 7403 +1 212 644 9108 +1 212 461 6516 +1 917 206 1630 New York Whisky Art Collections, Chinese & Asian Art Los Angeles Evan Ide Muys Snijders, + 212 644 9020 Edinburgh Estates & Valuations London Mark Fisher Jewellery +1 917 340 4657 Jeremy Goldsmith, + 1 917 206 1656 Martin Green London Asaph Hyman +1 323 436 5488 London Los Angeles Jacqueline Towers-Perkins, +44 131 225 2266 Harvey Cammell +44 20 7468 5888 Rocco Rich Jean Ghika Jakob Greisen +1 212 644 9039 Hong Kong +44 (0) 20 7468 8340 New York +1 323 436 5410 +44 20 7468 8282 +1 415 503 3284 Lisa De Simone, +1 917 206 1607 Daniel Lam New York Bruce MacLaren, Emily Barber Michael Caimano Los Angeles +852 2918 4321 Sherri Cohen +1 917 206 1677 European Sculptures +44 20 7468 8284 +1 929 666 2243 Sharon Squires +1 917 206 1671 Ming Hua & Works of Art New York San Francisco +1 323 436 5404 Wine Los Angeles +1 646 837 8132 London Caroline Morrissey Mark Osborne Alexis Chompaisal London Leslie Wright Harold Yeo Michael Lake +1 212 644 9046 +1 415 503 3353 +1 323 436 5469 Richard Harvey +1 323 436 5408 +1 917 206 1628 • +44 20 8963 6813 Camille Barbier Europe +44 20 7468 5811 Joseph Francaviglia Los Angeles +1 212 644 9035 Philip Kantor Prints and Multiples San Francisco +1 323 436 5443 Rachel Du Furniture and Decorative Art Los Angeles +32 476 879 471 London Christine Ballard Lydia Ganey +1 323 436 5587 London Dana Ehrman Lucia Tro Santafe +1 415 503 3221 +1 323 436 4496 San Francisco Thomas Moore +1 323 436 5407 Automobilia +44 20 7468 8262 Hong Kong San Francisco Dessa Goddard +44 20 8963 2816 Alexis Vourvoulis London New York Daniel Lam Victoria Richardson +1 415 503 3333 Los Angeles +1 323 436 5483 Toby Wilson Deborah Ripley +852 2918 4321 +1 415 503 3207 Henry Kleinhenz Angela Past Emily Waterfall +44 20 8963 2842 +1 212 644 9059 Celeste Smith +1 415 503 3336 +1 323 436 5422 +1 323 436 5426 Adrian Pipiros Los Angeles +1 415 503 3214 Daniel Herskee Anna Hicks San Francisco +44 20 8963 2840 Morisa Rosenberg +1 415 503 3271 +1 323 436 5463 Shannon Beck +1 323 447 9374 Australian Art Lingling Shang +1 415 503 3306 Motorcycles Australia +1 415 503 3207 • Greek Art Hong Kong London Russian Art Merryn Schriever Amelia Chao London Graeme Thompson Ben Walker London +61 2 8412 2222 +1 415 503 3397 Anastasia Orfanidou +852 3607 0006 +44 20 8963 2819 Daria Khristova Alex Clark +44 20 7468 8356 James Stensel +44 20 7468 8334 +61 3 8640 4088 Marine Art +44 20 8963 2818 New York London Los Angeles Yelena Harbick Veronique Scorer Craig Mallery +1 212 644 9136 Indicates independent contractor +44 20 7393 3962 +1 323 436 5470 •

G-NET6/12/18 Bonhams Specialist Departments

19th Century Paintings Australian Colonial Furniture Hong Kong Golf Sporting Mechanical Music Museum Services Scientific Instruments Client Services Departments London and Australiana Xibo Wang, Memorabilia London San Francisco London Charles O’ Brien +61 2 8412 2222 +852 3607 0010 Edinburgh Jon Baddeley Laura King Pfaff Jon Baddeley +44 20 7468 8360 Australia Kevin McGimpsey +44 20 7393 3872 +1 415 503 3210 +44 20 7393 3872 U.S.A. New York Books, Maps & Manuscripts Yvett Klein, +44 131 240 2296 New York San Francisco Madalina Lazen +61 2 8412 2231 Hamish Wilson Modern & Contemporary Native American Art Jonathan Snellenburg London (415) 861 7500 +1 212 644 9108 Matthew Haley +44 131 240 0916 African Art San Francisco +1 212 461 6530 +44 20 7393 3817 Clocks London Ingmars Lindbergs (415) 861 8951 fax 20th Century British Art New York London Irish Art Giles Peppiatt +1 415 503 3393 Scottish Pictures Monday - Friday, 9am to 5pm London Ian Ehling James Stratton London + 44 20 7468 8355 Edinburgh Matthew Bradbury +1 212 644 9094 +44 20 7468 8364 Penny Day Natural History Chris Brickley Los Angeles +44 20 7468 8295 Darren Sutherland New York +44 20 7468 8366 Modern & Contemporary Los Angeles +44 131 240 2297 +1 212 461 6531 Jonathan Snellenburg Middle Eastern Art Claudia Florian (323) 850 7500 20th Century Fine Art Los Angeles +1 212 461 6530 Impressionist & London +1 323 436 5437 Silver & Gold Boxes (323) 850 6090 fax San Francisco Catherine Williamson Modern Art Nima Sagharchi +1 310 469 8567 • London Monday - Friday, 9am to 5pm Sonja Moro +1 323 436 5442 Coins & Medals London +44 20 7468 8342 Thomas E. Lindgren Ellis Finch +1 415 503 3412 San Francisco London India Phillips +1 310 469 8567 • +44 20 7393 3973 Adam Stackhouse John Millensted +44 20 7468 8328 Modern & Contemporary New York Aboriginal Art +1 415 503 3266 +44 20 7393 3914 New York South Asian Art Old Master Pictures Sporting Guns (212) 644 9001 Australia Los Angeles Caitlyn Pickens London London London (212) 644 9009 fax Francesca Cavazzini British & European Glass Paul Song +1 212 644 9135 Tahmina Ghaffar Andrew Mckenzie Patrick Hawes Monday - Friday, 9am to 5pm +61 2 8412 2222 London +1 323 436 5455 Los Angeles +44 207 468 8382 +44 20 7468 8261 +44 20 7393 3815 John Sandon Kathy Wong Los Angeles African, Oceanic +44 20 7468 8244 Entertainment +1 323 436 5415 Modern Decorative Mark Fisher Space History Toll Free & Pre-Columbian Art Memorabilia Art + Design +1 323 436 5488 San Francisco (800) 223 2854 Los Angeles British Ceramics London Indian, Himalayan & London Adam Stackhouse Fredric W. Backlar London Katherine Schofield Southeast Asian Art Mark Oliver Orientalist Art +1 415 503 3266 +1 323 436 5416 • John Sandon +44 20 7393 3871 New York +44 20 7393 3856 London U.K. +44 20 7468 8244 Los Angeles Mark Rasmussen New York Charles O’Brien Travel Pictures Monday to Friday 8.30 to 6.00 American Paintings Catherine Williamson +1 917 206 1688 Benjamin Walker +44 20 7468 8360 London +44 (0) 20 7447 7447 New York California & Western +1 323 436 5442 Hong Kong +1 212 710 1306 Veronique Scorer Jennifer Jacobsen Paintings & Sculpture Dana Hawkes Edward Wilkinson Dan Tolson Photography +44 20 7393 3962 +1 917 206 1699 Los Angeles +1 978 283 1518 +852 2918 4321 +1 917 206 1611 New York Bids Elizabeth Goodridge Scot Levitt Los Angeles Laura Paterson Watches & +44 (0) 20 7447 7447 +1 917 206 1621 +1 323 436 5425 European Ceramics Islamic & Indian Art Jason Stein +1 917 206 1653 Wristwatches +44 (0) 20 7447 7401 fax Kathy Wong London London +1 323 436 5466 Los Angeles & San Francisco London Antiquities +1 323 436 5415 Sebastian Kuhn Oliver White Morisa Rosenberg Jonathan Darracott To bid via the internet please London San Francisco +44 20 7468 8384 +44 20 7468 8303 Motor Cars +1 323 436 5435 +44 20 7447 7412 visit bonhams.com Francesca Hickin Aaron Bastian London +1 415 503 3259 New York +44 20 7468 8226 +1 415 503 3241 European Paintings Japanese Art Tim Schofield Jonathan Snellenburg London London +44 20 7468 5804 Post-War and +1 212 461 6530 Antique Arms & Armour Carpets Charles O’ Brien Suzannah Yip New York Contemporary Art Hong Kong London London +44 20 7468 8360 +44 20 7468 8368 Rupert Banner London Tim Bourne David Williams Helena Gumley-Mason New York New York +1 212 461 6515 Ralph Taylor +852 3607 0021 +44 20 7393 3807 +44 20 8393 2615 Madalina Lazen Jeff Olson Eric Minoff +44 20 7447 7403 +1 212 644 9108 +1 212 461 6516 +1 917 206 1630 New York Whisky Art Collections, Chinese & Asian Art Los Angeles Evan Ide Muys Snijders, + 212 644 9020 Edinburgh Estates & Valuations London Mark Fisher Jewellery +1 917 340 4657 Jeremy Goldsmith, + 1 917 206 1656 Martin Green London Asaph Hyman +1 323 436 5488 London Los Angeles Jacqueline Towers-Perkins, +44 131 225 2266 Harvey Cammell +44 20 7468 5888 Rocco Rich Jean Ghika Jakob Greisen +1 212 644 9039 Hong Kong +44 (0) 20 7468 8340 New York +1 323 436 5410 +44 20 7468 8282 +1 415 503 3284 Lisa De Simone, +1 917 206 1607 Daniel Lam New York Bruce MacLaren, Emily Barber Michael Caimano Los Angeles +852 2918 4321 Sherri Cohen +1 917 206 1677 European Sculptures +44 20 7468 8284 +1 929 666 2243 Sharon Squires +1 917 206 1671 Ming Hua & Works of Art New York San Francisco +1 323 436 5404 Wine Los Angeles +1 646 837 8132 London Caroline Morrissey Mark Osborne Alexis Chompaisal London Leslie Wright Harold Yeo Michael Lake +1 212 644 9046 +1 415 503 3353 +1 323 436 5469 Richard Harvey +1 323 436 5408 +1 917 206 1628 • +44 20 8963 6813 Camille Barbier Europe +44 20 7468 5811 Joseph Francaviglia Los Angeles +1 212 644 9035 Philip Kantor Prints and Multiples San Francisco +1 323 436 5443 Rachel Du Furniture and Decorative Art Los Angeles +32 476 879 471 London Christine Ballard Lydia Ganey +1 323 436 5587 London Dana Ehrman Lucia Tro Santafe +1 415 503 3221 +1 323 436 4496 San Francisco Thomas Moore +1 323 436 5407 Automobilia +44 20 7468 8262 Hong Kong San Francisco Dessa Goddard +44 20 8963 2816 Alexis Vourvoulis London New York Daniel Lam Victoria Richardson +1 415 503 3333 Los Angeles +1 323 436 5483 Toby Wilson Deborah Ripley +852 2918 4321 +1 415 503 3207 Henry Kleinhenz Angela Past Emily Waterfall +44 20 8963 2842 +1 212 644 9059 Celeste Smith +1 415 503 3336 +1 323 436 5422 +1 323 436 5426 Adrian Pipiros Los Angeles +1 415 503 3214 Daniel Herskee Anna Hicks San Francisco +44 20 8963 2840 Morisa Rosenberg +1 415 503 3271 +1 323 436 5463 Shannon Beck +1 323 447 9374 Australian Art Lingling Shang +1 415 503 3306 Motorcycles Australia +1 415 503 3207 • Greek Art Hong Kong London Russian Art Merryn Schriever Amelia Chao London Graeme Thompson Ben Walker London +61 2 8412 2222 +1 415 503 3397 Anastasia Orfanidou +852 3607 0006 +44 20 8963 2819 Daria Khristova Alex Clark +44 20 7468 8356 James Stensel +44 20 7468 8334 +61 3 8640 4088 Marine Art +44 20 8963 2818 New York London Los Angeles Yelena Harbick Veronique Scorer Craig Mallery +1 212 644 9136 Indicates independent contractor +44 20 7393 3962 +1 323 436 5470 •

G-NET6/12/18 Bonhams Global Network

International Salerooms

London New York Hong Kong London Edinburgh Los Angeles San Francisco 101 New Bond Street 580 Madison Avenue Suite 2001 Montpelier Street London 22 Queen Street 7601 W. Sunset Boulevard 220 San Bruno Avenue London W1S 1SR New York, NY One Pacific Place SW7 1HH Edinburgh Los Angeles San Francisco +44 20 7447 7447 10022 88 Queensway +44 20 7393 3900 EH2 1JX CA 90046 CA 94103 +44 20 7447 7400 fax +1 (212) 644 9001 Admiralty +44 20 7393 3905 fax +44 131 225 2266 +1 (323) 850 7500 +1 (415) 861 7500 +1 (212) 644 9007 fax Hong Kong +44 131 220 2547 fax +1 (323) 850 6090 fax +1 (415) 861 8951 fax +852 2918 4321 +852 2918 4320 fax

Offices and Associated Companies

AFRICA AUSTRALIA ASIA EUROPE NORTH AMERICA UNITED KINGDOM

Nigeria Sydney Beijing Austria Italy - Milan USA Massachusetts Canada South East Tetbury Yorkshire & North Scotland Neil Coventry 97-99 Queen Street, Jessica Zhang Thomas Kamm Via Boccaccio 22 Amy Corcoran England Eight Bells House East England +234 (0)8110 033 792 Woollahra, NSW 2025 Suite 511 +49 (0) 89 2420 5812 20123 Milano Representatives: +1 (617) 742 0909 Toronto, Ontario 14 Church Street Bonhams West +27 (0)7611 20171 Australia Chang An Club [email protected] +39 0 2 4953 9020 Arizona boston@bonhams. Kristin Kearney Guildford Tetbury Leeds of Scotland neil.coventry@bonhams. +61 (0) 2 8412 2222 10 East Chang An [email protected] Terri Adrian-Hardy com 340 King St East Millmead, Gloucestshire The West Wing Kirkhill House com +61 (0) 2 9475 4110 fax Avenue Belgium +1 (602) 859 1843 2nd Floor, Office 213 Guildford, GL8 8JG Bowcliffe Hall Broom Road East [email protected] Beijing 100006 Boulevard Italy - Rome [email protected] Nevada Toronto ON Surrey GU2 4BE +44 1666 502 200 Bramham Newton Mearns South Africa - +86(0) 10 6528 0922 Saint-Michel 101 Via Sicilia 50 David Daniel M5A 1K8 +44 1483 504 030 +44 1666 505 107 Leeds Glasgow Johannesburg Melbourne +86(0) 10 6528 0933 1040 Brussels 00187 Roma California +1 (775) 831 0330 +1 (416) 462 9004 +44 1483 450 205 fax LS23 6LP G77 5LL Penny Culverwell Como House fax +32 (0) 2 736 5076 +39 06 485 900 Central Valley nevada@bonhams. info.ca@bonhams. fax +44 113 234 5755 +44 141 223 8866 +27 (0)71 342 2670 Como Avenue [email protected] [email protected] [email protected] David Daniel com com Representatives: +44 113 244 3910 penny.culverwell@bonhams. South Yarra +1 (916) 364 1645 Isle of Wight Dorset fax com Melbourne VIC 3141 Singapore France The Netherlands sacramento@bonhams. New Mexico Montreal, Quebec +44 1273 220 000 Bill Allan Wales Australia Bernadette Rankine 4 rue de la Paix De Lairessestraat 154 com Terri Adrian-Hardy David Kelsey +44 1935 815 271 +61 (0) 3 8640 4088 11th Floor, Wisma Atria 75002 Paris 1075 HL Amsterdam +1 (602) 859 1843 +1 (514) 894 1138 Representative: North West England Representatives: +61 (0) 2 9475 4110 fax 435 Orchard Road +33 (0) 1 42 61 10 10 +31 (0) 20 67 09 701 California newmexico@ info.ca@bonhams. Brighton & Hove East Anglia and Cardiff [email protected] Singapore 238877 [email protected] amsterdam@bonhams. Palm Springs bonhams.com com Tim Squire-Sanders Bury St. Edmunds Chester Jeff Muse +65 (0) 6701 8038 com Brooke Sivo +44 1273 220 000 Michael Steel 2 St Johns Court, +44 2920 727 980 +65 (0) 6701 8001 fax Germany - Cologne +1 (760) 350 4255 Oregon +44 1284 716 190 Vicars Lane, bernadette.rankine@ Katharina Schmid Portugal palmsprings@bonhams. Sheryl Acheson MIDDLE EAST West Sussex Chester, bonhams.com +49 (0) 221 9865 3419 Rua Bartolomeu Dias com +1 (971) 727 7797 +44 (0) 1273 220 000 Norfolk CH1 1QE +49 (0) 157 9234 6717 nº160. 1º oregon@bonhams. Israel The Market Place +44 1244 313 936 Taiwan [email protected] Belem California com Joslynne Halibard Reepham +44 1244 340 028 37th Floor, Taipei 101 1400-031 Lisbon San Diego +972 (0)54 553 5337 South West Norfolk NR10 4JJ fax Tower Germany - Hamburg +351 218 293 291 Brooke Sivo Texas – Dallas joslynne.halibard@ England +44 1603 871 443 No. 7 Xinyi Road, Marie Becker Lingenthal [email protected] +1 (760) 567 1744 Mary Holm bonhams.com +44 1603 872 973 Section 5 +49 (0) 17 4236 0022 sandiego@bonhams. +1 (214) 557 2716 Bath fax Manchester Taipei, 100 [email protected] Spain - Barcelona com [email protected] Queen Square House The Stables +886 2 8758 2898 Teresa Ybarra SOUTH AMERICA Charlotte Street Midlands 213 Ashley Road +886 2 8758 2897 fax Germany - Munich +34 930 156 686 Colorado Texas – Houston Bath BA1 2LL Hale WA15 9TB [email protected] Maximilianstrasse 52 +34 680 347 606 Lance Vigil Lindsay Davis Brazil +44 1225 788 988 Knowle +44 161 927 3822 80538 Munich barcelona@bonhams. +1 (720) 355 3737 +1 (713) 855 7452 +55 11 3031 4444 +44 1225 446 675 The Old House +44 161 927 3824 +49 (0) 89 2420 5812 com colorado@bonhams. [email protected] +55 11 3031 4444 fax Station Road fax [email protected] com fax Knowle, Solihull Spain - Madrid Virginia Cornwall – Truro West Midlands Germany - Stuttgart Núñez de Balboa no Florida Gertraud Hechl 36 Lemon Street B93 0HT Channel Islands Neue Brücke 2 4-1C April Matteini +1 (202) 422 2733 Truro +44 1564 776 151 New Bridge Offices 28001 Madrid +1 (305) 978 2459 virgina@bonhams. Cornwall +44 1564 778 069 Jersey 70173 Stuttgart +34 915 78 17 27 [email protected] com TR1 2NR fax La Chasse +49 (0) 711 2195 2640 [email protected] Alexis Butler +44 1872 250 170 La Rue de la Vallee +49 (0) 157 9234 6717 +1 (305) 878 5366 Washington +44 1872 250 179 Oxford St Mary [email protected] Switzerland - Geneva [email protected] Heather O’Mahony fax Banbury Road Jersey JE3 3DL Rue Etienne-Dumont 10 +1 (206) 566 3913 Shipton on Cherwell +44 1534 722 441 Greece 1204 Geneva Georgia seattle@bonhams. Exeter Kidlington OX5 1JH +44 1534 759 354 7 Neofytou Vamva +41 (0) 22 300 3160 Mary Moore Bethea com The Lodge +44 1865 853 640 fax Street [email protected] +1 (404) 842 1500 Southernhay West +44 1865 372 722 Athens 10674 [email protected] Washington DC Exeter, Devon fax Representative: +30 (0) 210 3636 404 Switzerland - Zurich Mid-Atlantic Region EX1 1JG Guernsey [email protected] Andrea Bodmer Illinois & Midwest Gertraud Hechl +44 1392 425 264 +44 1481 722 448 Dreikönigstrasse 31a Natalie B. Waechter +1 (202) 422 2733 +44 1392 494 561 Ireland 8002 Zürich +1 (773) 267 3300 washingtonDC fax 31 Molesworth Street +41 44 281 9535 [email protected] @bonhams.com Dublin 2 [email protected] +353 (0) 1 602 0990 [email protected]

G-NET29/11/18 Bonhams Global Network

International Salerooms

London New York Hong Kong London Edinburgh Los Angeles San Francisco 101 New Bond Street 580 Madison Avenue Suite 2001 Montpelier Street London 22 Queen Street 7601 W. Sunset Boulevard 220 San Bruno Avenue London W1S 1SR New York, NY One Pacific Place SW7 1HH Edinburgh Los Angeles San Francisco +44 20 7447 7447 10022 88 Queensway +44 20 7393 3900 EH2 1JX CA 90046 CA 94103 +44 20 7447 7400 fax +1 (212) 644 9001 Admiralty +44 20 7393 3905 fax +44 131 225 2266 +1 (323) 850 7500 +1 (415) 861 7500 +1 (212) 644 9007 fax Hong Kong +44 131 220 2547 fax +1 (323) 850 6090 fax +1 (415) 861 8951 fax +852 2918 4321 +852 2918 4320 fax

Offices and Associated Companies

AFRICA AUSTRALIA ASIA EUROPE NORTH AMERICA UNITED KINGDOM

Nigeria Sydney Beijing Austria Italy - Milan USA Massachusetts Canada South East Tetbury Yorkshire & North Scotland Neil Coventry 97-99 Queen Street, Jessica Zhang Thomas Kamm Via Boccaccio 22 Amy Corcoran England Eight Bells House East England +234 (0)8110 033 792 Woollahra, NSW 2025 Suite 511 +49 (0) 89 2420 5812 20123 Milano Representatives: +1 (617) 742 0909 Toronto, Ontario 14 Church Street Bonhams West +27 (0)7611 20171 Australia Chang An Club [email protected] +39 0 2 4953 9020 Arizona boston@bonhams. Kristin Kearney Guildford Tetbury Leeds of Scotland neil.coventry@bonhams. +61 (0) 2 8412 2222 10 East Chang An [email protected] Terri Adrian-Hardy com 340 King St East Millmead, Gloucestshire The West Wing Kirkhill House com +61 (0) 2 9475 4110 fax Avenue Belgium +1 (602) 859 1843 2nd Floor, Office 213 Guildford, GL8 8JG Bowcliffe Hall Broom Road East [email protected] Beijing 100006 Boulevard Italy - Rome [email protected] Nevada Toronto ON Surrey GU2 4BE +44 1666 502 200 Bramham Newton Mearns South Africa - +86(0) 10 6528 0922 Saint-Michel 101 Via Sicilia 50 David Daniel M5A 1K8 +44 1483 504 030 +44 1666 505 107 Leeds Glasgow Johannesburg Melbourne +86(0) 10 6528 0933 1040 Brussels 00187 Roma California +1 (775) 831 0330 +1 (416) 462 9004 +44 1483 450 205 fax LS23 6LP G77 5LL Penny Culverwell Como House fax +32 (0) 2 736 5076 +39 06 485 900 Central Valley nevada@bonhams. info.ca@bonhams. fax +44 113 234 5755 +44 141 223 8866 +27 (0)71 342 2670 Como Avenue [email protected] [email protected] [email protected] David Daniel com com Representatives: +44 113 244 3910 penny.culverwell@bonhams. South Yarra +1 (916) 364 1645 Isle of Wight Dorset fax com Melbourne VIC 3141 Singapore France The Netherlands sacramento@bonhams. New Mexico Montreal, Quebec +44 1273 220 000 Bill Allan Wales Australia Bernadette Rankine 4 rue de la Paix De Lairessestraat 154 com Terri Adrian-Hardy David Kelsey +44 1935 815 271 +61 (0) 3 8640 4088 11th Floor, Wisma Atria 75002 Paris 1075 HL Amsterdam +1 (602) 859 1843 +1 (514) 894 1138 Representative: North West England Representatives: +61 (0) 2 9475 4110 fax 435 Orchard Road +33 (0) 1 42 61 10 10 +31 (0) 20 67 09 701 California newmexico@ info.ca@bonhams. Brighton & Hove East Anglia and Cardiff [email protected] Singapore 238877 [email protected] amsterdam@bonhams. Palm Springs bonhams.com com Tim Squire-Sanders Bury St. Edmunds Chester Jeff Muse +65 (0) 6701 8038 com Brooke Sivo +44 1273 220 000 Michael Steel 2 St Johns Court, +44 2920 727 980 +65 (0) 6701 8001 fax Germany - Cologne +1 (760) 350 4255 Oregon +44 1284 716 190 Vicars Lane, bernadette.rankine@ Katharina Schmid Portugal palmsprings@bonhams. Sheryl Acheson MIDDLE EAST West Sussex Chester, bonhams.com +49 (0) 221 9865 3419 Rua Bartolomeu Dias com +1 (971) 727 7797 +44 (0) 1273 220 000 Norfolk CH1 1QE +49 (0) 157 9234 6717 nº160. 1º oregon@bonhams. Israel The Market Place +44 1244 313 936 Taiwan [email protected] Belem California com Joslynne Halibard Reepham +44 1244 340 028 37th Floor, Taipei 101 1400-031 Lisbon San Diego +972 (0)54 553 5337 South West Norfolk NR10 4JJ fax Tower Germany - Hamburg +351 218 293 291 Brooke Sivo Texas – Dallas joslynne.halibard@ England +44 1603 871 443 No. 7 Xinyi Road, Marie Becker Lingenthal [email protected] +1 (760) 567 1744 Mary Holm bonhams.com +44 1603 872 973 Section 5 +49 (0) 17 4236 0022 sandiego@bonhams. +1 (214) 557 2716 Bath fax Manchester Taipei, 100 [email protected] Spain - Barcelona com [email protected] Queen Square House The Stables +886 2 8758 2898 Teresa Ybarra SOUTH AMERICA Charlotte Street Midlands 213 Ashley Road +886 2 8758 2897 fax Germany - Munich +34 930 156 686 Colorado Texas – Houston Bath BA1 2LL Hale WA15 9TB [email protected] Maximilianstrasse 52 +34 680 347 606 Lance Vigil Lindsay Davis Brazil +44 1225 788 988 Knowle +44 161 927 3822 80538 Munich barcelona@bonhams. +1 (720) 355 3737 +1 (713) 855 7452 +55 11 3031 4444 +44 1225 446 675 The Old House +44 161 927 3824 +49 (0) 89 2420 5812 com colorado@bonhams. [email protected] +55 11 3031 4444 fax Station Road fax [email protected] com fax Knowle, Solihull Spain - Madrid Virginia Cornwall – Truro West Midlands Germany - Stuttgart Núñez de Balboa no Florida Gertraud Hechl 36 Lemon Street B93 0HT Channel Islands Neue Brücke 2 4-1C April Matteini +1 (202) 422 2733 Truro +44 1564 776 151 New Bridge Offices 28001 Madrid +1 (305) 978 2459 virgina@bonhams. Cornwall +44 1564 778 069 Jersey 70173 Stuttgart +34 915 78 17 27 [email protected] com TR1 2NR fax La Chasse +49 (0) 711 2195 2640 [email protected] Alexis Butler +44 1872 250 170 La Rue de la Vallee +49 (0) 157 9234 6717 +1 (305) 878 5366 Washington +44 1872 250 179 Oxford St Mary [email protected] Switzerland - Geneva [email protected] Heather O’Mahony fax Banbury Road Jersey JE3 3DL Rue Etienne-Dumont 10 +1 (206) 566 3913 Shipton on Cherwell +44 1534 722 441 Greece 1204 Geneva Georgia seattle@bonhams. Exeter Kidlington OX5 1JH +44 1534 759 354 7 Neofytou Vamva +41 (0) 22 300 3160 Mary Moore Bethea com The Lodge +44 1865 853 640 fax Street [email protected] +1 (404) 842 1500 Southernhay West +44 1865 372 722 Athens 10674 [email protected] Washington DC Exeter, Devon fax Representative: +30 (0) 210 3636 404 Switzerland - Zurich Mid-Atlantic Region EX1 1JG Guernsey [email protected] Andrea Bodmer Illinois & Midwest Gertraud Hechl +44 1392 425 264 +44 1481 722 448 Dreikönigstrasse 31a Natalie B. Waechter +1 (202) 422 2733 +44 1392 494 561 Ireland 8002 Zürich +1 (773) 267 3300 washingtonDC fax 31 Molesworth Street +41 44 281 9535 [email protected] @bonhams.com Dublin 2 [email protected] +353 (0) 1 602 0990 [email protected]

G-NET29/11/18 Auction Registration Form (Attendee / Absentee / Online / Telephone Bidding) Please circle your bidding method above.

Sale title: Coins and Banknotes Sale date: Monday January 28, 2019 25528 Los Angeles Paddle number (for office use only) Sale no. Sale venue:

General Notice: This sale will be conducted in accordance General Bid Increments: with Bonhams Conditions of Sale, and your bidding and $10 - 200 ...... by 10s $10,000 - 20,000 ...... by 1,000s buying at the sale will be governed by such terms and $200 - 500 ...... by 20 / 50 / 80s $20,000 - 50,000 ...... by 2,000 / 5,000 / 8,000s conditions. Please read the Conditions of Sale in conjunction $500 - 1,000 ...... by 50s $50,000 - 100,000 ...... by 5,000s with the Buyer’s Guide relating to this sale and other $1,000 - 2,000 ...... by 100s $100,000 - 200,000 .....by 10,000s published notices and terms relating to bidding. above $200,000 ...... at the auctioneer’s discretion Payment by personal or business check may result in your $2,000 - 5,000 ...... by 200 / 500 / 800s property not being released until purchase funds clear our $5,000 - 10,000 ...... by 500s The auctioneer has discretion to split any bid at any time. bank. Checks must be drawn on a U.S. bank. Customer Number Title Notice to Absentee Bidders: In the table below, please provide details of the lots on which you wish to place bids at First Name Last Name least 24 hours prior to the sale. Bids will be rounded down to the nearest increment. Please refer to the Buyer’s Guide in Company name (to be invoiced if applicable) the catalog for further information relating to instructions to Bonhams to execute absentee bids on your behalf. Bonhams Address will endeavor to execute bids on your behalf but will not be liable for any errors or non-executed bids. City County / State Notice to First Time Bidders: New clients are requested to provide photographic proof of ID - passport, driving license, ID Post / Zip code Country card, together with proof of address - utility bill, bank or credit card statement etc. Corporate clients should also provide a Telephone mobile Telephone daytime copy of their articles of association / company registration documents, together with a letter authorizing the individual to Telephone evening Fax bid on the company’s behalf. Failure to provide this may result in your bids not being processed. For higher value lots you may Telephone bidders: indicate primary and secondary contact numbers by writing 1 or 2 also be asked to provide a bankers reference. next to the telephone number. E-mail (in capitals) Notice to online bidders; If you have forgotten your username and password for www.bonhams.com, please By providing your email address above, you authorize Bonhams to send you marketing materials and news concerning Bonhams contact Client Services. and partner organizations. Bonhams does not sell or trade email addresses. I am registering to bid as a private client I am registering to bid as a trade client If successful I will collect the purchases myself Please contact me with a shipping quote (if applicable) Resale: please enter your resale license number here I will arrange a third party to collect my purchase(s) We may contact you for additional information.

Please email or fax the completed Registration Form and requested information to: SHIPPING Bonhams Client Services Department 7601 W. Sunset Blvd Shipping Address (if different than above): Los Angeles, California 90046 Address: ______Country: ______Tel +1 (323) 850 7500 Fax +1 (323) 850 6090 City: ______Post/ZIP code: [email protected] Please note that all telephone calls are recorded.

Brief description MAX bid in US$ Type of bid Lot no. (In the event of any discrepancy, lot number and not lot description will govern.) If (excluding premium and applicable tax) ( -Absentee, -Telephone) A T you are bidding online there is no need to complete this section. Emergency bid for telephone bidders only*

You instruct us to execute each absentee bid up to the corresponding bid * Emergency Bid: A maximum bid (exclusive of Buyer’s Premium and tax) to be executed amount indicated above. by Bonhams only if we are unable to contact you by telephone or should the connection be lost during bidding.

BY SIGNING THIS FORM YOU AGREE THAT YOU HAVE READ AND UNDERSTAND OUR CONDITIONS OF SALE AND SHALL BE LEGALLY BOUND BY THEM, AND YOU AGREE TO PAY THE BUYER’S PREMIUM, ANY APPLICABLE TAXES, AND ANY OTHER CHARGES MENTIONED IN THE BUYER’S GUIDE OR CONDITIONS OF SALE. THIS AFFECTS YOUR LEGAL RIGHTS.

Your signature: Date:

LA-CA/MAIN/07.17 Coins and Banknotes | Los Angeles January 28, 2019

Bonhams 7601 W. Sunset Boulevard Los Angeles, California 90046 25528

+1 323 850 7500 bonhams.com

Auctioneers since 1793